The Power is Now

Real Estate’s Biggest Trade Group Seeks to Block Justice Department Probe – The Wall Street Journal

WASHINGTON—The main trade association for real-estate agents on Monday sought to block a broad Justice Department investigation of industry practices, after an antitrust settlement between the two sides fell apart this summer.

The move underscores the growing pressure the residential real-estate industry is experiencing, mainly over the estimated 5% to 6% commissions that agents still receive from many home sales despite technology-driven shifts in house hunting and other changes.



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