I get the ramifications of this lawsuit but I don’t understand how we got here. Why was the NAR getting sued? Yea I get the brokers and agents get a commission but that’s not new and how’s that illegal?
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For a totally factual, non biased account directly from the MO District Court, just read the Jury Verdict Form.
The MO Jury returned a $1.78 Billon jury verdict finding that the “NAR and other defendant Brokers engaged in a conspiracy that had the purpose or effect of raising, inflating or stabilizing broker commission rates paid by home sellers” and “that such a conspiracy caused plaintiff home sellers to pay more for real estate brokerage services when selling their homes than they would have paid absent that conspiracy.”
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