May 3, 2019
Boulware Law, and attorney Brandon Boulware, were recently featured in the Kansas City Star. The story featured our work on a class action lawsuit filed in federal court in Kansas City. The lawsuit contends that the custom of having a seller pay both their own and the buyer’s broker commissions artificially inflates transaction costs and stifles competition in the residential brokerage industry.
“The rule forces the seller to pay the one person on the other side of the transaction (buyer’s broker) who is actively working against the seller’s interest,” said Brandon Boulware, an attorney suing the NAR and the other brokerages, in an email. “If the rule were not in place, the cost of the buyer brokers would be paid by their clients (home buyers). Buyer brokers would then have to compete with one another by offering lower commission rates.”
Read the full article on The Kansas City Star website: