Realtors Liable for $1.8 Billion for Conspiring to Inflate Broker Commissions in Missouri Jury Verdict

Summary

This article discusses the October 31, 2023 jury verdict for $1.785 billion against defendants National Association of Realtors (NAR) and a group of real estate brokerages for conspiring to inflate real estate broker commissions in violation of the antitrust laws. It also discusses a 2020 settlement that the Antitrust Division of the Department of Justice (DOJ) reached with NAR, regarding similar issues, which was subsequently withdrawn in 2021. This article includes links to relevant case documents, as well as practice notes, state law surveys, and templates available on Practical Guidance.