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Real estate industry facing pushback to rules setting agent commissions on home sales - Vimarsana News

Real estate industry facing pushback to rules setting agent commissions on home sales

A series of court challenges seek to upend longstanding real estate industry practices that determine the commissions agents receive on the sale of a home — and who foots the

Real-estate class action lawsuit against realtors: Attorney says it costs homebuyers $60 billion per year in commissions - Vimarsana News

Real-estate class action lawsuit against realtors: Attorney says it costs homebuyers $60 billion per year in commissions

A class of plaintiffs just won a $1.8 billion lawsuit against the National Association of Realtors and other brokerages.

A Landmark Verdict Could Change How Much You Pay For Your Next House - Compass (NYSE:COMP), Anywhere Real Estate (NYSE:HOUS), RE/MAX Hldgs (NYSE:RMAX), Schwab U.S. REIT ETF (ARCA:SCHH) - Vimarsana News

A Landmark Verdict Could Change How Much You Pay For Your Next House - Compass (NYSE:COMP), Anywhere Real Estate (NYSE:HOUS), RE/MAX Hldgs (NYSE:RMAX), Schwab U.S. REIT ETF (ARCA:SCHH)

With mortgage rates nearing 8%, one key decision is creating a stir across the real estate sector by lowering commission costs.

Headlines for Thursday, November 2, 2023 - Vimarsana News

Headlines for Thursday, November 2, 2023

Happy Day of the Dead. The cost for a new football stadium at KU just went up by $100 million... total Kansas tax collections in October come in lower than expected... cleanup efforts conclude at the site of a massive oil spill in northern Kansas... and Daylight Saving Time ends this weekend, so set your clocks back one hour Saturday night. More inside.

Jury awards $1.8 billion in Realtor case, finds groups conspired to inflate commissions – Indianapolis Business Journal - Vimarsana News

Jury awards $1.8 billion in Realtor case, finds groups conspired to inflate commissions – Indianapolis Business Journal

The decision involves a sale's commission, which hovers around 5% to 6% of the home sale price and is paid by the home seller both to the sellers agent and the buyers agent.

Source: ibj.com