"Oct 31 (Reuters) - A U.S. jury on Tuesday found the National Association
of Realtors and some residential brokerages, including units of Warren
Buffett's Berkshire Hathaway (BRKa.N), liable to pay $1.78 billion in damages for conspiring to artificially inflate commissions for home sales."
I could not post a link to the article without the site spam filter getting uppity. Y'all can Google it if interested in the full text.
Niiiice.
The whole system is a scam anyway. I've never owned a house and as I casually shop around I constantly run into the roadblock of needing a realtor to even look at a house. And the commission makes absolutely zero sense. Why should it scale with the price of the house? If anything it should be the opposite. If I lived in a dumpster I bet that would be hard as hell to sell to someone, so if a realtor pulled it off I think they should get a fat commission. Instead they get huge commissions on houses that basically sell themselves. Ridiculous...
