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The verdict in the NAR lawsuit has made it likely the real estate industry won’t be able to charge 5%-6% commission rates across the board, writes Stephen Brobeck.
A 5 percent real estate commission on that price would come to $12,500. But in San Francisco, where the median was a considerably higher $1.37 million, a 5 percent commission would come to $68,500.
Real-estate industry rocked by $1.8 billion verdict finding ‘conspiracy’ to force sellers to pay illegal commission fees Alena Botros, Sydney Lake October 31, 2023 at 5:16 PM
Kutak Rock LLP is a US law firm, founded in 1965 in Omaha, Nebraska.As of January 2021, it had more than 500 attorneys in 19 offices across the U.S. In 2020, Kutak Rock LLP was ranked as the 94th largest law firm in the U.S. based on number of attorneys and 124th based on revenue.
Website. remax .com. RE/MAX, short for R eal E state Max imums, is an American international real estate company that operates through a franchise system. As of 2015, RE/MAX had more than 100,000 agents in 6,800 offices. [3] RE/MAX operates in over 100 countries and territories.
Marc Dreier. Marc Stuart Dreier (born May 12, 1950) is an American former lawyer who was sentenced to 20 years in federal prison in 2009 for committing investment fraud using a Ponzi scheme. He is scheduled to be released from FCI Sandstone on June 30, 2025.
Real estate agent. Real estate agents and real estate brokers are people who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. [1] Brokers and agents are licensed by the state to negotiate sales agreements and manage the ...
The city of Lancaster is the location of 57 of these properties and districts; they are listed separately, while the 153 properties and districts in the other parts of the county are listed here. One property straddles the Lancaster city limits and appears on both lists. Another three sites are further designated as National Historic Landmarks ...
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