Class action lawsuit against Toronto real estate industry over commissions proceeds

A class action lawsuit filed at Toronto's Federal Court of Canada which alleges price-fixing realtor commission rates in the, came after the Toronto resident paid a five per cent commission rate following the sale of his home in August 2020.

In the class action lawsuit, Sunderland alleges that buyer brokerages fix their commission rates at 2.5 per cent or higher, with sellers who offer low commission rates seeing fewer potential buyers. Many of the nation's largest brokerages are named in the lawsuit, including Royal LePage, Century 21, Sutton Group Realty, Remax, IproRealty Ltd., as well as the

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Class action against Toronto real estate industry over commissions gets green lightFederal Court has granted approval for a class-action lawsuit alleging price-fixing and anti-competitive practices
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »

Class action against Toronto real estate industry over commissions gets green lightFederal Court grants approval for a class\u002Daction lawsuit alleging price\u002Dfixing to proceed against the GTA real estate industry. Read on.
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Class action against Toronto real estate industry over commissions gets green lightFederal Court grants approval for a class\u002Daction lawsuit alleging price\u002Dfixing to proceed against the GTA real estate industry. Read on.
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