The lawyers who took on Big Tobacco are aiming at Realtors and their 6% fee

Realtors are a powerful lobby and the current fee structure has long been protected by friends in government.

(From Marketwatch)

The suit was filed in Chicago on behalf of anyone who sold a home through one of 20 of the largest listing services in the country over the past five years. It charges that the mighty Washington-based lobby National Association of Realtors, as well as the four largest national real estate brokerages, and the Multiple Listing Services they use, have conspired to require anyone selling a home to pay the commission of the broker representing their buyer “at an inflated amount,” in violation of federal antitrust law.

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