Realtor Groups Face $5B+ in Damages for Allegedly Inflating Commissions

U.S. jury found National Association of Realtors and some brokerages liable for inflating commissions and awarded $1.78 billion in damages.

Plaintiffs were home sellers in Missouri, Kansas, and Illinois from 2015-2022 who objected to commissions they had to pay buyers' brokers.

Damages award can be tripled under antitrust law to over $5 billion.

Defendants included Berkshire Hathaway's HomeServices of America and Keller Williams.

U.S. Department of Justice is trying to revive an antitrust probe into the National Association of Realtors' practices.