Realtor associations deluged with ‘copycat’ commission lawsuits – The Denver Post
Realtors are being deluged with class-action lawsuits threatening to upend the traditional real estate compensation system, with 16 “copycat” cases filed in the wake of a mammoth $1.78 billion verdict handed down last October against top industry groups.
Two California lawsuits filed this month — one in Los Angeles and one in Sacramento — brought to 20 the number of federal court cases seeking to end requirements that home sellers pay agents for the buyers.
The lawsuits name the National Association of Realtors and more…