Realtors Are in Crisis—and Home Buyers Could Be the Winners
Posted on AllSides February 16th, 2024
From The Center
Angela Owens/The Wall Street Journal
The National Association of Realtors appeared to hit rock bottom in October when a Kansas City jury delivered a $1.8 billion verdict, finding that the industry kept home-sales fees artificially high. But the existential threat to the powerful trade group was about to get worse.
Copycat lawsuits have been filed around the nation. Dozens of real-estate brokerages are now defendants. Federal regulators are scrutinizing the industry more closely than they have in years.
Brokerage executives are pressuring NAR to settle the legal claims nationwide, worried that more large verdicts could...
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