New York City Real Estate Commissions Face Challenges With Lawsuits – Bloomberg

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Agents hustling to strike deals for homes in a tough Manhattan market are confronting another major hurdle as lawsuits crop up challenging commission structures.

A case filed in New York this month is the latest blow after a bombshell jury finding in a civil court case in Missouri in late October held a major Realtor group and others liable for colluding to keep commissions high. The battle over sales commissions and who should pay is throwing agents into an uncertain future. And it comes as the market is already struggling with few homes for sale and high mortgage rates that are sidelining potential buyers.


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