These lawsuits could upend the real estate market

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Broker fees, specifically the seller's payment to the buyer's agent, are at issue.

The case, one of two antitrust class-action suits filed against the largest brokers in the country and the National Association of Realtors , could shake the powerful trade group's stronghold on the industry — and change how Americans buy houses.

In these listings, sellers are required to include a fee offer — which is visible to buyers' agents, but not usually visible to the prospective buyers themselves.Though the NAR has recently said that the fee could be as low as $0, research has found that the fees tend to remainFor decades, critics have called out NAR and this system for inflating home prices — and misaligning the goals of the buyer and their agent.

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 /  🏆 302. in PT
 

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