Realtors Face Uncertain Future After $1.78B Antitrust Verdict Over Commission Fees
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Historic $1.78 billion verdict against National Association of Realtors (NAR) for collusion to inflate real estate fees through standard 6% commissions.
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NAR plans to appeal verdict, but if upheld, damages could be tripled to over $5 billion under antitrust law.
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Outcome creates uncertainty for housing market as commissions are long-held industry standard, but still remain in place for now.
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Verdict comes amid historically challenging conditions for buyers and sellers with high mortgage rates and low housing supply.
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Buyers question value of paying commissions, especially to buyer's broker, with readily available online listings.
