Sellers

Legal Battle Blurs the Lines: Untangling a Complex Love Triangle Involving Home Buyers, Sellers, and Real Estate Agents

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ASHEVILLE, N.C. – A lawsuit has surfaced in the midst of a complicated love triangle involving home buyers, sellers, and real estate agents. This legal action adds another layer of complexity to an already murky situation in the housing market. The lawsuit centers around a series of transactions in which buyers, sellers, and agents were allegedly involved in deceitful practices. It exposes the inherent conflicts of interest that can arise in the real estate industry and raises questions about the ethical conduct of those involved. The plaintiffs claim that the sellers, who were also real … Read more

Upstate Lawsuit Exposes Real Estate Commission Inflation and Pushes for Seller’s Fair Share

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Greenville, South Carolina – A lawsuit challenging real estate commission rules was presented in federal court in Charleston on Thursday. The lawsuit claims that one of the major real estate firms inflated commissions, and argues that home sellers should not be required to pay the full commission. The U.S. Judicial Panel on Multidistrict Litigation will determine whether the case will be tried in South Carolina or joined with other buyer/broker cases nationwide to be heard by one federal judge. It should be noted that this case is separate from the recent settlement reached by the … Read more

Federal Jury Awards $1.8 Billion to Home Sellers in Historic Lawsuit Against National Association of Realtors and Brokerages

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Kansas City, Missouri – A federal jury in Kansas City has ruled in favor of a class-action lawsuit, finding that the National Association of Realtors (NAR) and certain residential real estate brokerages engaged in a conspiracy to maintain artificially high commissions. The jury determined that the defendants colluded to enforce the “Mandatory Offer of Compensation Rule,” also known as cooperative compensation. This rule compelled sellers who wanted to list their properties on the Multiple Listing Service (MLS) to offer compensation to the buyer’s agent. As a result, sellers were forced to pay inflated commissions, typically … Read more