Real Estate Dealer Settlement: What It Means For Residence Patrons And Sellers

But that mannequin has come underneath intensifying scrutiny from critics who’ve likened it to a cartel. Late last yr, a jury in a Kansas City federal court docket found the longstanding practice to be a type of collusion that artificially inflated real estate charges, awarding a large $1.78 billion judgment towards NAR. Following the Sitzer/Burnett verdict, lawsuits challenging long-standing commissions practices have cropped up throughout the nation — some local, some nationwide in scope.

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By hadem