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Jury Finds Realtors Conspired to Keep Commissions High, Awards Nearly $1.8 Billion in Damages - The Wall Street Journal

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Plaintiffs in a federal lawsuit have asked a judge to order changes in how the home-sale industry operates.Photo: Rich Pedroncelli/Associated Press

KANSAS CITY, Mo.—A federal jury on Tuesday found the National Association of Realtors and large residential brokerages liable for about $1.8 billion in damages after determining they conspired to keep commissions for home sales artificially high. 

The verdict comes in the first of two major antitrust lawsuits that target decades-old industry practices and

seek to drive down commissions and change the way agents are compensated. The two-week trial involved claims by home sellers in several Midwestern states. The jury issued its verdict after just hours of deliberations. 

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Jury Finds Realtors Conspired to Keep Commissions High, Awards Nearly $1.8 Billion in Damages - The Wall Street Journal
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