Transparency and lawsuits in the real estate industry

The National Association of Realtors and MLS organizations are facing lawsuits regarding transparency in the real estate industry. The lawsuits aim to bring more clarity to the commission structure, highlighting that all commissions are negotiable and that buyers should be aware of the costs involved. The concern is that the perception of buyer's agents being a free service needs to be addressed, as the buyer ultimately covers the commission through the purchase price. The lawsuits also raise concerns about disparities in commission splits and the potential for collusion if a seller doesn't offer a commission. Overall, these legal challenges seek to promote transparency and ensure consumers are well-informed about real estate transactions.