-- Zillow Group Inc. and other real estate stocks plunged after a Missouri jury found the National Association of Realtors and other industry players guilty of colluding to maintain high brokerage commissions.Shares of Zillow were down 6% to $35.87 at 2:26 p.m. New York time. They earlier fell as much as 11%, the largest intraday decline since May 2022, after industry publications reported on the ruling. Brokerage shares also sank, with Compass Inc. falling 6.6%. Redfin Corp. dropped 7.3%.
The jury awarded $1.785 billion in damages in the case, which was the smaller of two lawsuits concerning brokerage commission practices. In a third matter, the Justice Department is focused on a commission-sharing system that typically puts home sellers on the hook for a 5% to 6% cut of the sale, split between their agent and the buyer’s agent.
Shani Louk, who was kidnapped from the Nova music festival during Hamas' October 7 terrorist attacks, has been confirmed dead, according to Israel's Ministry of Foreign Affairs.Israeli troops clashed with Hamas for the first time since the ground offensive began in an ambush from its network of tunnels in northern Gaza.
Christina Aguilera is unrecognizable in risque leather corset for incredible Halloween transformation Calling the late actor "very talented," Molly Hurwitz — who got engaged to Perry in 2020 — also acknowledged that "he was complicated"
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