Jury holds real estate agents liable for $1.8 billion in damages in antitrust lawsuit

Posted on AllSides October 31st, 2023
From The Right

A federal jury found major real estate groups liable and ordered them to pay $1.8 billion in damages as part of an antitrust lawsuit that accused them of colluding to inflate commission rates. The jury, based out of Kansas City, found Tuesday that the National Association of Realtors, Keller Williams Realty, and HomeServices of America conspired to inflate and maintain high commissions artificially. In the two-week trial, attorneys for the plaintiffs argued that the groups knowingly broke their own antitrust rules, according to HousingWire. While the damages awarded in the...

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