Texas homesellers file new commission suit as cases pile up
The new suit is the second in Texas since the Sitzer | Burnett verdict, and is one of a growing number of antitrust cases challenging the way agents get paid.
Stay updated with breaking news from Five Points Holdings. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The new suit is the second in Texas since the Sitzer | Burnett verdict, and is one of a growing number of antitrust cases challenging the way agents get paid.
Two North Texas companies allege that Texas real estate companies and organizations artificially inflate commissions. Their suit, filed in Sherman, is nearly identical to the one NAR just lost.
A homebuilder and holding company filed the case Monday. But unlike other suits against NAR, this one lists the Texas Association of Realtors and other local organizations as defendants.
The latest Realtor commission lawsuit doesn't just go after the corporate brokerages; it names individual brokers, real estate teams and local Realtor Associations as defendants.
The latest Realtor commission lawsuit doesn't just go after the corporate brokerages; it names individual brokers, real estate teams and local Realtor Associations as defendants.