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Breaking News: The Verdict Is In, and It’s a Game-Changer

The real estate industry has been rocked to its core, and this time, it’s not just a tremor—it’s a seismic shift. A Kansas City jury found the National Association of Realtors (NAR), HomeServices of America, and Keller Williams guilty of conspiring to inflate commissions. The damages? A staggering $1.78 billion, which could treble to an eye-watering $5.36 billion if the judge so decides.

This verdict is not just a slap on the wrist; it’s a clarion call for change. For too long, the industry has operated in a manner that has been less than transparent, to say the least. This case could very well be the catalyst that finally brings about the much-needed reform we’ve been advocating for years.

But don’t be fooled—this is far from over. Both NAR and Keller Williams have already signaled their intent to appeal. The final judgment from Judge Stephen Bough could have far-reaching implications, not just for these organizations but for the entire real estate landscape.

So what does this mean for you, the consumer? It means empowerment. It means choice. And most importantly, it means transparency. We’ve been a trendsetter in pushing for these values, and we’re not stopping now.

Stay tuned as we delve deeper into the implications of this landmark case in our upcoming posts. The tectonic plates of the real estate industry are shifting, and we’re here to guide you through it.

Ohio Broker Direct & its Brokers or Associates assumes no responsibility or liability for any errors or omissions in this blog, we advise all participants in buying or selling real estate to enlist the services of a Real Estate Attorney.

About the Author

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Joan Elflein, Principal Broker and founder of Ohio Broker Direct, has been a trailblazer in the real estate industry since 1983. She established Ohio Broker Direct, a flat-fee brokerage firm, to champion ethical practices and client empowerment. Joan's innovative services have saved Ohio sellers millions in commissions and earned her firm an A+ Better Business Bureau rating. With over a billion dollars in transactions, you can ensure Joan's decades of experience will provide top-tier professional service and personal care in every interaction. 

Tana Lantry, Senior Broker at Ohio Broker Direct, brings over a decade of expertise in business, commercial, and residential real estate. As the 2017 President of the Columbus Independent Brokers Association, Tana drove change and expanded membership growth. She excels in guiding clients through home buying/selling, commercial sales, and 1031 exchanges. With extensive experience in Self-Directed IRAs, Tana provides comprehensive guidance for real estate investments. Together, Joan and Tana offer unparalleled expertise and dedication, ensuring the highest standards of professionalism and care at Ohio Broker Direct.

Have Questions?

If you have any questions regarding the for sale by owner process, or how we can help you save money while selling your home, please don’t hesitate to contact us today. We will happily answer any questions you may have, and look forward to working with you in selling your home.

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