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On May 9, a U.S. judge in Missouri approved $208 million in consumer antitrust settlements with Anywhere Real Estate, Keller Williams, and RE/MAX. The ruling by Judge Stephen R. Bough resolves antitrust claims in the Sitzer/Burnett, Moehrl, and Nosalek commission cases. The judge noted on May 10 that the 'miniscule' number of objections were not enough to derail the settlements. This decision addresses allegations that the defendants inflated home sales commissions.
Another important fact to know after NAR’s proposed settlement of the antitrust class action lawsuits brought on behalf of home sellers related to broker compensation: buyers cannot finance commissions. https://t.co/QcJrGZzvNG
I paid my broker a 15% commission when I sold my entire Amazon business in 2019 and I would do it again. Why? Because they did 90% of the work for me when I was exiting, brought me top-tier buyers, and secured a 4.5x. Friends don't let friends use zero-commission brokers.
A US judge approved $208 million in consumer antitrust settlements with Anywhere Real Estate, Keller Williams and Re/Max. The judge said the 'miniscule' number of objections were not enough to derail the settlements with the real estate brokerages https://t.co/qLAGFM6Nji https://t.co/ZfKJMXtGRG
