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The Justice Department on Friday filed an antitrust lawsuit against RealPage, a property management software provider, alleging it enabled a collusion among landlords to inflate rents for millions ...
Fees paid to Realtors during home sales in the United States average around 6% of the sale price, a percentage considered exceptionally high compared to rates in other developed countries such as Australia, Canada, and the United Kingdom. [3] [4] [5] Industry research shows that Americans pay $100 billion in commissions to real estate agents ...
The National Association of Realtors has agreed to a landmark settlement that would eliminate real estate brokers' long-standing commissions, commonly of up to 6% of the purchase price.
The settlement reached by the National Association of Realtors (NAR) over real estate agent commissions could end up hurting an already beleaguered group: homebuyers.. The $418 million deal ...
To get it in your inbox, sign up for free ... on a set commission — usually 5%-6% of the sale price — to be paid to both your agent and the buyer’s agent. ... a dues-paying member, you’re ...
Hire a discount agent: A low-commission real estate agent will likely charge much less than a traditional agent would — usually 1 to 1.5 percent of your home’s sale price. (However, you might ...
RealPage has been accused of antitrust violations and price fixing in the rental market. [16] Lawsuits against RealPage make the claim that if it is illegal for an individual to engage in price fixing, then it should be illegal when it is done by software or algorithm. [17] The lawsuits also accuse RealPage of pressuring its customers to comply ...
The Justice Department filed an antitrust lawsuit Friday against real estate software company RealPage Inc., accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices.
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