Landmark $1.8B Verdict on Broker Fees Sparks Potential Drop in Home Prices
Los Angeles, California – The $1.8 billion verdict on broker fees in California could potentially have a significant impact on home prices in the region. This ruling, which could lead to a decrease in home prices, has sent shockwaves through the real estate market. The verdict stems from a class-action lawsuit against NRT LLC, one of the largest residential real estate brokerages in the country. The lawsuit alleged that the company violated antitrust laws by requiring sellers to pay high commission fees to both the listing and buyer’s agents. The jury unanimously sided with the … Read more