The United States’s largest real estate brokerage agencies have been found liable for almost US$1.8 billion in damages over an alleged seven-year conspiracy to force home sellers to pay hefty commissions to buyers’ brokers, in a decision that sent related stocks lower.

U.S. real estate agents found liable for $1.8 billion in class action over broker fees

Warren Buffett's HomeServices was among the defendants found liable for a verdict that could climb to more than $5 billion.

Real-estate industry rocked by $1.8 billion verdict finding ‘conspiracy’ to force sellers to pay illegal commission fees

It’s a decision that has the potential to rewrite the entire structure of the real estate industry in the United States as it lowers the cost of home buying.

Home sellers win $1.8B after jury finds conspiracy among Realtors

The influential National Association of Realtors and several brokerages were ordered to pay damages to home sellers who said they were forced to pay excessive fees to real estate agents.

Home Sellers Win $1.8 Billion After Jury Finds Conspiracy Among Realtors

The US’s largest brokerage agencies have been found liable for almost $1.8bn in damages over an alleged seven-year conspiracy to force home sellers to pay hefty commissions to buyers’ brokers, in a decision that sent related stocks lower.

US real estate agents liable for $1.8bn over broker fees on home purchases

The verdict, which hands a loss to brokerages and an industry trade association, could upend the home-sale industry.

Jury Finds Realtors Conspired to Keep Commissions High

Fintel reports that on October 25, 2023, Stephens & Co. maintained coverage of Anywhere Real Estate (NYSE:HOUS) with a Equal-Weight recommendation. Analyst Price Forecast Suggests 54.22% Upside As of October 5,

Stephens & Co. Maintains Anywhere Real Estate (HOUS) Equal-Weight Recommendation

Bahrain Islamic Bank (BisB), the leading provider of Islamic digital banking services in the Kingdom of Bahrain, has signed a Memorandum of Understandin

BisB Signs Memorandum of Understanding with Era Real Estate

The award recognizes companies in the relocation ... Cartus is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), the leading and most integrated provider of U.S. residential real estate services, encompassing franchise, brokerage, and title and ...

CORT Destination Services Honored With Cartus Award for Commitment to Excellent Customer Service

Get the most recent info and news about Realogy Holdings on HackerNoon, where 10k+ technologists publish stories for 4M+ monthly readers.

Realogy Holdings Corp., through its subsidiaries, provides residential real estate services. It operates through four segments: Realogy Franchise Group, Realogy Brokerage Group, Realogy Title Group, and Realogy Leads Group. The Realogy Franchise Group segment franchises its residential real estate brokerages under the Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, Sotheby's International Realty, and Better Homes and Gardens Real Estate brand names. As of December 31, 2019, this segment's real estate franchise systems and proprietary brands had approximately 18,500 offices and 302,400 independent sales agents worldwide. The Realogy Brokerage Group segment owns and operates a full-service residential real estate brokerage business under the Coldwell Banker, Corcoran, and Sotheby's International Realty brand names to assist home buyers and sellers in listing, marketing, selling, and finding homes. The Realogy Title Group segment provides title and settlement services to real estate companies, affinity groups, corporations, and financial institutions. This segment also serves as an underwriter of title insurance policies in connection with residential and commercial real estate transactions. The Realogy Leads Group segment offers home buying and selling assistance to members of affinity clients, such as insurance companies and credit unions under affinity services programs; and broker-to-broker business includes referrals generated by brokers affiliated with the realogy broker network. Realogy Holdings Corp. was incorporated in 2006 and is headquartered in Madison, New Jersey.

REALOGY HOLDINGS

realogy.com

10K+ employees

Since 2006

COMPANY RANKING

REALOGY HOLDINGS

EVERGREEN INDEX #8497

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Realogy Holdings WIKI

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REALOGY HOLDINGS

realogy.com

10K+ employees

Since 2006

COMPANY RANKING

REALOGY HOLDINGS

EVERGREEN INDEX #8497

RELATED COMPANIESRANK

STORIES ABOUT REALOGY HOLDINGS

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