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All defendants were found liable for damages caused by engaging in a price-fixing conspiracy that required home sellers to pay more for real estate brokerage services. Court membership; Judge sitting: Stephen R. Bough: Laws applied; Sherman Antitrust Act: Keywords
In the case that went to trial in 2023, Missouri home sellers alleged antitrust violations by NAR and four major brokerages: Keller Williams, Anywhere, RE/MAX and HomeServices of America.
NAR claimed that the defendants “conspired to require home sellers to pay the broker representing the buyer of their homes, and to pay an inflated amount, in violation of federal antitrust law ...
A series of lawsuits alleged this standard practice violated antitrust laws, though the NAR has long argued that the commissions were always negotiable. ... By some estimates, real estate ...
Federal antitrust laws, as well as most state laws, provide for triple damages against antitrust violators in order to encourage private lawsuit enforcement of antitrust law. Thus, if a company is sued for monopolizing a market and the jury concludes the conduct resulted in consumers' being overcharged $200,000, that amount will automatically ...
The Real Estate Settlement Procedures Act (RESPA) was a law passed by the United States Congress in 1974 and codified as Title 12, Chapter 27 of the United States Code, 12 U.S.C. §§ 2601–2617.
Violations of the Sherman Act fall (loosely [18]) into two categories: Violations "per se": These are violations that meet the strict characterization of Section 1 ("agreements, conspiracies or trusts in restraint of trade"). A per se violation requires no further inquiry into the practice's actual effect on the market or the intentions of ...
Luigi Mangione, a 26-year-old software developer from a Maryland real estate family, ... accusing it of violating antitrust laws by illegally maintaining a smartphone monopoly. More than a dozen ...