After four years of litigation and a jury verdict that found real estate industry players including the National Association of Realtors liable for colluding to artificially inflate agent commissions, NAR and the four corporate brokerage defendants have all settled Sitzer's lawsuit.
Sitzer's legal action not only resulted in financial settlements, but also business practice changes that went into effect earlier this month, the most notable of which are the removal of buyer broker compensation from the MLS and mandatory buyer broker agreements.
I wouldn't say I had expectations in the beginning, as it was a multi-year battle of ups and downs, but I had enough confidence in my position to commit to taking action, Sitzer told TechCrunch.
The website, which claims it is not a brokerage, allows homebuyers to select services from real estate agents and pay for them a la carte.
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