Justice Department probe, civil lawsuits pose challenge to real-estate industry practices
“Plaintiffs’ allegations plausibly show that the Buyer-Broker Commission Rules prevent effective negotiation over commission rates and cause an artificial inflation of buyer-broker commission rates,” the judge wrote last year. “But-for Defendants’ conspiracy, each Plaintiff would have paid ‘substantially lower commissions.’”
Transparency in Commissions
Fact: Real estate brokers’ commission rates are not regulated in any state and are ALWAYS 100% negotiable.
The end goal of this lawsuit is for “Buyer Agent Commissions” to be fully seen as a fee paid for and financed in the buyer’s loan.
For example, on a $1 million home with a 3% commission the…