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New Commissions Lawsuits Spread to Manhattan, South Carolina
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It appears to have become open season on buyer-broker commissions following the Burnett vs. NAR class action lawsuit in which the defendants were found to have conspired to inflate commissions in violation of federal law, with an award of $1.78 billion to the plaintiffs...
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A transformational shift is underway in the real estate industry, as the consideration of offering a 0% commission to the selling agent gains traction. This change might seem alarming at first glance, but it opens the door to a new and innovative approach to commissions that can bring benefits to all parties involved...
