The recent verdict against the National Association of Realtors and large residential brokerages is likely to change the amount of commissions paid by home buyers and sellers, as well as how they are paid out.
WSJ’s Laura Kusisto joins J.R. Whalen to discuss.
Photo: Tamir Kalifa For The Wall Street JournalResidential real-estate brokerages are seeking to reassure investors after last month’s $1.8 billion verdict against the National Association of Realtors, another potential blow to an industry already reeling from a severe housing-market slowdown.
Industry analysts say the historic verdict could prompt changes in how real-estate agents are paid and eventually push commissions down.
A federal jury on Oct. 31 found NAR and two large brokerages conspired to keep costs artificially high.
Persons:
WSJ’s Laura Kusisto, Whalen, Tamir Kalifa, brokerages
Organizations:
National Association of Realtors, Industry