What Licensees Need to Know Changes to Buyer Representation and Compensation -Amended Advisory-
What Licensees Need to Know Changes to Buyer Representation and Compensation -Amended Advisory-
Sacramento, California – The Department of Real Estate (DRE) is alerting consumers that the rules around buyer representation and agent compensation in real estate purchase transactions is changing.
These changes are the result of a nationwide settlement of many class-action lawsuits claiming antitrust violations against industry associations, multiple listing services, and large national brokerages. The plaintiffs in these lawsuits claimed that the defendants engaged in anti-competitive practices designed to inflate homes prices and commissions.
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Source : Department of Real Estate
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