Big name real estate brokers and others are accused of ripping off consumers in a class action lawsuit
Sticker shock best describes peoples’ reactions to the commission rates charged by real estate brokers. For all of the gimmicky talk from major real estate firms about their amazing proprietary technology platforms, why aren’t consumers benefiting in the form of lower fees and better service?
These questions apparently got the attention of a Hartford-based law firm which last week filed a class action lawsuit in Massachusetts federal court. The named defendants in the case include MLS Information Network “MLS” (which services much of Massachusetts), Realogy Holdings (the parent company of Sotheby’s International Realty, Coldwell Banker, Century 21, and others), HomeServices of America, RE/MAX, and Keller Williams.