| Why Does the MLS Keep Commission Amounts Secret for Agent's Eyes Only? Why shouldn't the public be allowed to see why an agent is steering them to a property with a higher commission, or in fact boycotting showing a client a "perfect" property because it has a lower commission?
In fact, why is this practice allowed at all since it's against the law...it's against the Sherman Antitrust Act. This is both unethical and illegal.
All a client needs to do is prove steering based on commission rates. Violations of the act currently are punishable by fines of up to $350,000 for individuals and up to $10 million for corporations, as well as by imprisonment of up to three years.
One could plant lower commissions and get a statistical analysis on a particular company, that way the damages would be far greater against a real estate corporation. |