But that model has come beneath intensifying scrutiny from critics who’ve likened it to a cartel. Late last yr, a jury in a Kansas City federal courtroom found the longstanding practice to be a type of collusion that artificially inflated real estate charges, awarding a large $1.78 billion judgment towards NAR. Following the Sitzer/Burnett verdict, lawsuits challenging long-standing commissions practices have cropped up across the nation — some native, some national in scope.
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Meanwhile, homeowners who would usually sell their properties to downsize or transfer up have a stronger monetary place to begin to work from thanks to record progress in home fairness in recent years. As of June, 62% of householders with mortgages had charges under 4%, and 92% had rates beneath 6%. Real Estate Kenya News is the main online real estate news, tips, developments and …
