Real Estate/Development
Mar. 6, 2024
Real estate industry accused too-high sales commissions
The lawsuit claims that the average 5-6% commission split between seller’s and buyer’s agents is far higher than in other countries.
Real estate company Redfin Corp. is accused of conspiring with realtor associations to conspire against a plaintiff and putative class members to fix and inflate the price of buyers’ real estate agent commissions in California to supra-competitive levels.
The lawsuit claims the average 5-6% commission split between seller’s and buyer’s agents is far higher than in other countries.
The federal complaint was fi...
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