This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

West Penn Multi-List, US brokerage firms face amended antitrust claims over commission fees

( January 29, 2024, 22:00 GMT | Official Statement) -- MLex Summary: West Penn Multi-List and Berkshire Hathaway, Coldwell Banker Realty, and other brokerage firms are engaged in a localized version of nationwide, collusive practices that illegally inflate broker fees paid by buyers in residential real estate transactions, according to an amended antitrust complaint filed in Pennsylvania federal court. Brokers within West Penn MLS’s service area, comprising an approximately $8 billion per year residential real estate market, face "insurmountable barriers" to compete outside of a conspiracy where rules created by the National Association of Realtors are enforced by the defendants to impose supracompetitive charges on home sellers, the complaint said.See document below....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections