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Real Estate Stocks Plummet as Jury Rules National Association of Realtors Colluded to Keep Agent Commissions High

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Real Estate,Stocks,National Association Of Realtors

Shares of real estate stocks closed nearly 7% lower after a Missouri jury ruled that the National Association of Realtors colluded with brokerages to keep agent commissions high, resulting in nearly $1.8 billion in damages. The class action lawsuit focused on the opaque nature of brokerage fees and commission splits.

) shares closed nearly 7% lower after a Missouri jury ruled the National Association of Realtors colluded with brokerages to keep agent commissions high, awarding nearly $1.8 billion in damages. The class action lawsuit focused on the opaque nature of brokerage fees and commission splits. Other real estate stocks like Compass -- BlackBerry Ltd.

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Zillow and Real Estate Stocks Plunge After Collusion VerdictZillow Group Inc. and other real estate stocks experienced a significant drop in value after a Missouri jury found the National Association of Realtors and other industry players guilty of colluding to maintain high brokerage commissions.
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