NAR ‘cut a deal’ with Trump DOJ to undermine commission suits: CFA

The National Association of Realtors countered that the Consumer Federation of America’s assertions are “wrong and misleading” and “commissions are very much negotiable.” A consumer watchdog group is suggesting the National Association of Realtors may have cut a deal with Trump officials in order to undermine class-action lawsuits against the association. In a press release … Read more

With new FTC chair, expect greater scrutiny on the real estate industry

When it comes to real estate competition and antitrust enforcement, there’s a new sheriff in town. Last week, on a bipartisan 69-28 vote, the U.S. Senate approved Lina Khan, associate professor of law at Columbia Law School and a champion of antitrust reform, as a commissioner at the Federal Trade Commission. President Joe Biden then … Read more

‘Double-dipping agents’ overcharge consumers billions in commissions

Some one million homebuyers and sellers pay several billion dollars more per year in commissions than they should due to “double-dipping” agents, according to a new report from the Consumer Federation of America. The consumer watchdog defined a double-dipping agent or dual agent as a single agent who represents both buyer and seller in a … Read more

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