Category: Real Estate
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Landmark Ruling in Class-Action Suit Threatens to Disrupt Real Estate Industry
Federal Jury Finds National Association of Realtors and Brokerages Guilty of Price-Fixing In a groundbreaking class-action suit, a federal jury in Missouri has ruled that the National Association of Realtors (N.A.R.) and several real estate brokerages conspired to fix prices in the industry. The standard practice of sellers paying the listing agent a commission, typically…