The Kobeissi Letter Posts Lawyers Who Won $1.8B Lawsuit Against The National Association Of Realtors File New Suit For Anyone Who Has Sold A Home Over The Last 5 Years. The Original Lawsuit Was Filed In 2019 On Behalf Of 500,000 Home Sellers In Missouri..
Portfolio Pulse from Benzinga Newsdesk
Lawyers who won a $1.8 billion lawsuit against the National Association of Realtors have filed a new suit for anyone who has sold a home over the last 5 years. The lawsuit alleges that Americans have paid $60 billion in extra real estate commissions. This could potentially change the way realtors are compensated and comes at a fragile time for the real estate market.
November 09, 2023 | 6:02 pm
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NEGATIVE IMPACT
The lawsuit could potentially change the way realtors are compensated, which could impact Opendoor Technologies Inc.
As a digital platform for real estate transactions, Opendoor could be affected by changes in realtor compensation structures. A decrease in commissions could potentially reduce revenues.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
The lawsuit could potentially change the way realtors are compensated, which could impact Redfin Corporation.
As a technology-powered real estate brokerage, Redfin could be affected by changes in realtor compensation structures. A decrease in commissions could potentially reduce revenues.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
The lawsuit could potentially change the way realtors are compensated, which could impact Zillow Group, Inc.
As an online real estate marketplace, Zillow could be affected by changes in realtor compensation structures. A decrease in commissions could potentially reduce revenues.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
The lawsuit could potentially change the way realtors are compensated, which could impact Zillow Group, Inc. - Class C Capital Stock.
As an online real estate marketplace, Zillow could be affected by changes in realtor compensation structures. A decrease in commissions could potentially reduce revenues.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70