BrokerageIndustry News

Lawsuit alleges real estate commission-fixing in Illinois

Defendants deny discount broker was treated differently

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An Illinois real estate broker filed an antitrust lawsuit against several real estate brokerage companies accusing them of engaging in a group boycott and other retaliatory actions after the broker advertised lower-than-typical commission rates for his real estate services. Filed on behalf of Gregory Hackman and his real estate company, Gregory Hackman Realtors, the lawsuit also charges that the brokerage companies acted with the encouragement of the Rockford Area Association of Realtors, a local Realtor trade group. In all, the complaint names six real estate brokerage companies, seven individuals, and a local and state Realtor association. Most of the companies and Realtor associations named in the complaint did not offer any comment about the allegations, and the owner of one of the named companies said that to his knowledge, Hackman "has never been treated differently" than other real estate agents. Several other real estate companies and individuals contacted by Inman News in...