Real estate fees raise RESPA controversy Premium Content

Part II: Broker fees divide industry

Inman News®

Flickr photo by <a href="http://www.flickr.com/photos/tetsumo/3553883617/" target=blank>Tetsumo</a>.Flickr photo by Tetsumo.

If some consumers and real estate agents aren't happy about the flat fees many brokerages are slapping on top of their traditional percentage-based commissions (see Part I), there are also unresolved questions about the legality of the practice.

A recent ruling allowing a class-action lawsuit to proceed against an Alabama-based brokerage has captured the attention of other companies that could face similar claims that they are violating the Real Estate Settlement Procedures Act, or RESPA.

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