BrokerageIndustry News

Defendants in price-fixing suit look to Supreme Court ruling

Lawyers allege several brokerage companies conspired to fix 6% commissions
Published on Aug 17, 2007

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by CareyBot

Real estate companies that face allegations of price-fixing in a lawsuit are asking the court to reconsider an order allowing the case to proceed in light of an antitrust-related U.S. Supreme Court decision in May.

The lawsuit, which seeks class-action status, charges that real estate consumers in Kentucky have paid inflated real estate commissions because of illegal price fixing by brokers in the state, facilitated by real estate rebate restrictions set by the Kentucky Real Estate Commission, a state agency.

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