Sun Jun 16 14:08:52 EDT 2024
Home#ForeclosurepediaNationIllinois Homebuyers Lead the Charge in the Latest Real Estate Commission Lawsuit

Illinois Homebuyers Lead the Charge in the Latest Real Estate Commission Lawsuit

NAR Looking at Trillions in Damages Going into Next Year

In a continued saga of antitrust commission lawsuits challenging the real estate industry's practices, a new lawsuit dubbed "Batton 2" has taken center stage, with a unique twist—it's brought forth by homebuyers, setting itself apart from prior cases initiated by home sellers.

The lawsuit, spearheaded by lead plaintiff Mya Batton, targets industry giants including Compass, eXp World Holdings, Redfin, Weichert Realtors, United Real Estate, Howard Hanna, and Douglas Elliman. It accuses them of collusion to artificially inflate agent commissions, consequently driving up home-buying expenses.

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Paul Williams
Paul Williamshttps://foreclosurepedia.org
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