Yahoo Finance published this video item, entitled “Zillow, real estate stocks fall on brokers commission verdict” – below is their description.
Zillow (Z, ZG) shares closed nearly 7% lower after a Missouri jury ruled the National Association of Realtors colluded with brokerages to keep agent commissions high, awarding nearly $1.8 billion in damages. The class action lawsuit focused on the opaque nature of brokerage fees and commission splits. Other real estate stocks like Compass (COMP) and Redfin (RDFN) also fell on the news, though none of the real estate companies were named in the suit.
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