The proposed class action alleges an unlawful conspiracy between residential real estate companies and related associations to inflate commissions and artificially drive up home prices.
November 16, 2023 at 02:29 PM
4 minute read
Two Texas law firms and a New York firm expert in class actions just fired another shot across the bow at real estate brokerages, intent on shaking up the industry in Texas the way a Kansas City law firm is doing in the Midwest.
With two real estate investors as lead plaintiffs, a proposed class action was filed Monday in the U.S. Eastern District of Texas against the Texas Association of Realtors and 30 regional boards of realtors and brokerage firms.
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