KC jury finds NAR, brokerages guilty of commission inflation, Housingwire says

A jury in Kansas City has determined that the National Association of Realtors, HomeServices of America and Keller Williams are guilty of colluding to inflate or maintain high commission rates through NAR’s Clear Cooperation Rule, Housingwire’s Brooklee Han, Sarah Wheeler, and James Kleimann report. The defendants in the Sitzer/Burnett buyer broker commission lawsuits must pay $1.78B in damages, with treble damages potentially results in the NAR and brokerages playing over twice that amount, the authors note. Publicly traded companies in the real estate space include Zillow (ZG), Redfin (RDFN), and Anywhere Real Estate (HOUS).