Speaking at a Lamacchia Realty conference in Boston Feb. 1, the new president of the National Association of Realtors declared that the traditional rules of agent commissions are “going to change” in the wake of a $1.78 billion lawsuit.
What can agents and brokerages who are worried about pay cuts, job loss or running up against the law do to protect themselves?
A Missouri jury handed down a verdict Tuesday afternoon that could upend the residential real estate industry and slap its biggest trade group and several major brokerages with at least $1.8 billion in fines.
A new report by researchers at investment firm Keefe, Bruyette & Woods is warning that the real estate industry could be upended by a trio of lawsuits over agent commissions, including one involving Massachusetts’ main multiple listings service.
