Jury Orders Realtor Group to Pay $1.8 Billion for Allegedly Inflating Commissions
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A jury in Missouri found the National Association of Realtors (NAR) liable for nearly $1.8 billion in damages for inflating commissions.
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The lawsuit covered home sales between April 2015 to June 2022. The jury deliberated for just a few hours before reaching the decision.
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NAR plans to appeal the liability finding, arguing their rules serve consumers' best interests and support competition.
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The appeals process could take up to 3 years, with the losing side likely trying for a retrial.
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A new class action lawsuit was filed against real estate companies like Compass, Douglas Elliman, and Redfin for alleged antitrust violations.
