A federal jury ruled on Tuesday that the powerful National Association of Realtors and several large brokerages had conspired to artificially inflate the commissions paid to real estate agents, a decision that could radically alter the home-buying process in the United States.

The realtors’ group and brokerages were ordered to pay damages of nearly $1.8 billion. The verdict allows the court to issue treble damages, which means they could swell to more than $5 billion.

Will update with non-paywalled link when one becomes available.

  • @Cheesus
    link
    11 year ago

    I live in the SF Bay area, most houses are easily $1.5m