A jury has handed down a landmark ruling against the National Association of Realtors and several large residential brokerages for artificially inflating commissions. Approximately $1.8 billion, a figure that could climb as high as $5 billion, is set to be awarded to homeowners, with the case expected to have significant ramifications over the real estate industry. It was determined that realtors were capitalizing on decades-old rules that locked in commission rates despite home prices growing ever higher, allowing them to take home increasingly large sums.
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