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In a recent ruling, a federal judge granted class-action status to home sellers accusing the National Association of Realtors and several real estate brokerages of conspiring to inflate commission rates. The plaintiffs are seeking more than $13 billion in damages, and the ruling allows them to pursue large-scale claims against the defendants. Stay informed about this case as it progresses, as it could have significant implications for the real estate industry and for home sellers across the country.
By Weston Kirk5
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In a recent ruling, a federal judge granted class-action status to home sellers accusing the National Association of Realtors and several real estate brokerages of conspiring to inflate commission rates. The plaintiffs are seeking more than $13 billion in damages, and the ruling allows them to pursue large-scale claims against the defendants. Stay informed about this case as it progresses, as it could have significant implications for the real estate industry and for home sellers across the country.