Uncovering a Real Estate Scandal: Jury Holds Realtors Accountable, Awards Record $1.78 Billion in Damages
A jury in Manhattan, New York has found realtors liable for inflating commissions and has awarded $1.78 billion in damages. The decision came after a lengthy trial that assessed the actions of real estate brokers who allegedly conspired to fix prices and artificially inflate commissions in the housing market. The trial revealed evidence of widespread collusion among realtors, leading to higher costs for home buyers and sellers. The jury concluded that the real estate brokers violated antitrust laws and engaged in a scheme to manipulate the market for their own financial gain. The case initially … Read more