US jury finds realtors liable for inflating commissions, awards $1.78 bln damages
US jury finds realtors liable for inflating commissions, awards $1.78 bln damages
A U.S. jury on Tuesday found the National Association of Realtors and some residential brokerages, including units of Warren Buffett's Berkshire Hathaway , liable to pay $1.78 billion in damages for conspiring to artificially inflate commissions for home sales.
Let’s see… “sellers of more than 260,000 homes”… “the damages award can be tripled under U.S. antitrust law to more than $5.3 billion”… so, after the lawyers get paid, court costs, and other bullshit, each homeowner who was robbed by the system will get a check of about $3. Justice served!
5.3e9/260e3 = 20,384.615384615
There's no way you're getting from over 20 grand to 3 dollars with nothing but lawyers and court costs. Your math is bad.
It was a joke. I’ve explained elsewhere in the thread.
That was the joke.