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Missouri Jury Finds National Association of Realtors Guilty of Colluding to Keep Home Sales Commissions High, Awards $1.8 Billion in Damages; Zillow and other real estate stocks plunged, but Zillow rebounded

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  • The New York Times
  • Reuters
  • The Wall Street Journal

34 posts • ChatGPT (GPT-3)

Updated

A Missouri jury has found the National Association of Realtors (NAR) and other industry players guilty of colluding to keep home sales commissions artificially high. The jury awarded nearly $1.8 billion in damages. This decision could have significant implications for the home sale industry and may lead to changes in how real estate agents are paid. Following the verdict, Zillow and other real estate stocks plunged, but Zillow rebounded after a report on the jury's findings.

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#Missouri#National Association of Realtors#Zillow

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Sources

    The Wall Street Journal
    The Wall Street JournalTwitter verified badge
    @WSJ

    🎧 In today’s episode of The Journal podcast, @LauraKusisto details the potential changes to how real-estate agents get paid, following a historic court ruling that found Realtors and brokerages liable for artificially inflating commissions https://t.co/mwu1z7zwBZ

    Markets Insider
    Markets Insider
    @MktsInsider

    Real-estate agents may be forced to charge home buyers less, thanks to a new $1.8 billion verdict https://t.co/sN1BnF3x4R

    Axios
    AxiosTwitter verified badge
    @axios

    A closely watched jury trial underway in Kansas City, Mo., could upend a contentious cornerstone of the U.S. real estate market — broker fees. https://t.co/YfPCjct1Bx

Story Timeline

  • •Latest version
    Missouri Jury Finds National Association of Realtors Guilty of Colluding to Keep Home Sales Commissions High, Awards $1.8 Billion in Damages; Zillow and other real estate stocks plunged, but Zillow rebounded
  • Missouri Jury Finds National Association of Realtors and HomeServices of America Guilty of Colluding to Inflate Commissions, Orders $1.8 Billion in Damages; Zillow and Other Real Estate Stocks Plunge
  • •Original version
    Missouri Jury Finds National Association of Realtors and HomeServices of America Guilty of Colluding to Inflate Commissions, Orders $1.8 Billion in Damages; Zillow and Other Real Estate Stocks Plunge