CFA FAQ Explains Why Real Estate Lawsuits Have Gained Steam and Increased Chances of Greater Price Competition and Lower Commissions
Washington, D.C. – Today, the Consumer Federation of America (CFA) is releasing a FAQ that explains how a recent Illinois court decision and other factors have increased chances that residential real estate commissions will become more competitive, negotiable, and overall, lower. The FAQ addresses the following specific questions:
- How does the industry set prices?
- Why is the litigation likely to change industry practices?
- Would disclosure of buyer broker commissions provide a satisfactory remedy to the complaint?
- Would the uncoupling of commission rates significantly benefit consumers?
Contact: Stephen Brobeck, sbrobeck@consumerfed.org
