Webhaber
US home sellers win $1.78bn over inflated buyers’ commissions

US home sellers win $1.78bn over inflated buyers’ commissions

Federal jury rules against National Association of Realtors and some units of Warren Buffett’s Berkshire HathawayA US jury on Tuesday found the National Association of Realtors (NAR) and some residential brokerages, including units of Warren Buffett’s Berkshire Hathaway, liable to pay $1.78bn in damages for conspiring to artificially inflate commissions for home sales.The verdict by a federal jury in Kansas City, Missouri, could upend decades-old practices that have allowed real estate agents to boost commissions as home prices and mortgage rates rise, hurting consumers by making housing transactions more expensive.

The Guardian The Guardian | Go to detail of news source

The Guardian, Benzer haberler

The Guardian From blunders to wonders: The 2022-23 NFL end of season awards From blunders to wonders: The 2022-23 NFL end of season awards
The Guardian Adam Wainwright ends 18-year MLB career ‘because I got a puppy’ Adam Wainwright ends 18-year MLB career ‘because I got a puppy’
The Guardian Georgia is seeking to define ‘Cop City’ protests as terrorism, experts say Georgia is seeking to define ‘Cop City’ protests as terrorism, experts say
The Guardian ‘Hypocritical’: environmental groups blocking union efforts, US workers say ‘Hypocritical’: environmental groups blocking union efforts, US workers say
The Guardian Joe Biden: Ukraine is going to get all the help they need – video Joe Biden: Ukraine is going to get all the help they need – video
The Guardian ‘Nepo babies’ claim their parentage is overblown. Truth is, they’re helped all the way | Martha Gill ‘Nepo babies’ claim their parentage is overblown. Truth is, they’re helped all the way | Martha Gill