This podcast episode delves into the investigation led by personal injury lawyer Mike into the widespread practice of inflated commission fees paid by homebuyers in Missouri. Mike uncovers a price-setting conspiracy involving large realtor franchises and the National Association of Realtors (NAR). He takes the case to trial, presenting arguments that high commissions paid to buyers' agents are anti-competitive and hinder buyers from seeing all available options. The trial reveals evidence of collusion and price fixing, leading to a jury awarding $5.4 billion in damages to the plaintiffs. The verdict prompts the NAR to settle the lawsuit, paying $418 million and implementing changes to business practices. The outcome of the litigation has the potential to significantly impact the real estate industry, potentially lowering commissions and home prices.
