Others, however, dismiss that concern. Stephen Brobeck, a senior fellow at the consumer federation, said buyers wouldn’t have to come up with the cash upfront. Rather, they could finance the commission through their mortgage just as they finance other closing costs. And paying their agent directly would allow them the opportunity, perhaps, to negotiate a lower commission.
The plaintiffs, who are seeking class-action status for the suit, are asking for damages and a halt to the practice of having sellers’ agents pay commissions to buyers’ agents.
The brokerages named in the suit are Realogy, the parent of Century 21, Coldwell Banker and others; HomeServices of America, a Berkshire Hathaway affiliate; Re/Max; and Keller Williams. HomeServices and Keller Williams declined to comment. Re/Max said it would “continue to vigorously defend” itself against a “baseless” suit. Realogy said in a statement that the case was “without merit.”
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