"Missouri Jury Finds The National Association Of Realtors, Brokerages Guilty Of Conspiring To Inflate Commissions; After Two Weeks Of Testimony The Kansas City Jury Found NAR, HomeServices And Keller Williams Guilty Of Collusion" - HousingWire
Portfolio Pulse from Benzinga Newsdesk
A Missouri jury has found the National Association of Realtors (NAR), HomeServices of America, and Keller Williams guilty of colluding to inflate commission rates. The defendants have been ordered to pay damages of $1.78 billion, which could potentially double due to treble damages. The verdict opens the door for additional potential class-action lawsuits in other states. The lawsuit also included RE/MAX and Anywhere as defendants, but they reached settlements earlier. The defendants are expected to appeal the ruling.
October 31, 2023 | 5:44 pm
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NEUTRAL IMPACT
The verdict could potentially impact Redfin (RDFN) indirectly, as it could lead to changes in commission structures in the real estate industry. However, Redfin was not directly involved in the lawsuit.
While Redfin was not directly involved in the lawsuit, any changes in the commission structures in the real estate industry could potentially impact its business model. However, it's too early to predict the exact impact as it would depend on the final judgement and potential changes in the industry practices.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The verdict could potentially impact Zillow (Z) indirectly, as it could lead to changes in commission structures in the real estate industry. However, Zillow was not directly involved in the lawsuit.
While Zillow was not directly involved in the lawsuit, any changes in the commission structures in the real estate industry could potentially impact its business model. However, it's too early to predict the exact impact as it would depend on the final judgement and potential changes in the industry practices.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50