After reading the article, I could not make sense of what was happening and why. But the takeaway seems that a court found real estate brokers colluded to keep real estate commissions artificially high, and a expectation that real estate commissions may be reduced across the board. The article mentioned other countries pay measurably less in real estate commissions.
![finance.yahoo.com]()
![finance.yahoo.com]()
finance.yahoo.com
Zillow Plunges After Verdict on Real Estate Brokerage Commissions
(Bloomberg) -- Zillow Group Inc. and other real estate stocks plunged after a Missouri jury struck a fresh blow against the battered industry, finding that the National Association of Realtors colluded to maintain high brokerage commissions. Most Read from BloombergImmigrants Are Leaving Canada...