Home Sellers Might Be Getting Ripped Off By Realtors

A home seller lodged a class action lawsuit over the six percent real estate fees assessed upon the sale of most homes in the United States alleging they are too high and a violation of federal antitrust law. According to the class action lawsuit, the six percent fee charged by most realtors on the sale of a home is dictated by the National Association of Realtors and the four largest national real estate broker franchisors, including Realogy Holdings Corp., HomeServices of America Inc., RE/MAX Holdings Inc., and Keller Williams Realty Inc. Ring of Fire’s Farron Cousins discusses this with Scott Hardy from Top Class Actions.

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