Three plaintiffs have recently amended their complaint in a class-action antitrust lawsuit against the National Association of Realtors (NAR) and multiple local Realtor associations. The lawsuit alleges anti-competitive practices within the real estate industry that have resulted in inflated commission rates for consumers.
Key points from the amended complaint include:
– Allegations of price-fixing and anti-competitive behavior by NAR and local Realtor associations
– Claims that these actions have limited consumer choice and driven up commission rates
– The lawsuit seeks to challenge the traditional commission structure in the real estate industry and promote more transparency and competition for consumers.
You can read this full article at: https://www.housingwire.com/articles/michigan-lawsuit-hardy-plaintiffs-realtor-memberships-mls-compensation/(subscription required)
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