DOJ Rejects Settlement and Screws Over Realtors and Their Commission When the government gets involved with things they don't understand we are the ones that get hurt. In a landscape where the traditional structures of the real estate industry are being rigorously questioned, a pivotal development has emerged from the U.S. Department of Justice (DOJ). This development centers on the longstanding practice of fixed and shared commissions between real estate agents, a practice that has been a cornerstone of the industry's operation. The DOJ's rejection of a court settlement marks a turning point, emphasizing a clear message: the necessity of reforming how agent commissions are determined and distributed. The DOJ's Standpoint on Agent Commissions The Department of Justice has cast a critical eye on the... Read more
DOJ Rejects Commission Settlement and Screws Over Realtors and Their Commission
February 21, 2024
(updated May 22, 2024)
Published by AgentsGather