The main trade association for real-estate agents on Monday sought to block a broad U.S. Justice Department investigation of industry practices, after an antitrust settlement between the two sides fell apart this summer
WASHINGTON—The main trade association for real-estate agents on Monday sought to block a broad Justice Department investigation of industry practices, after an antitrust settlement between the two sides fell apart this summer.
The move underscores the growing pressure the residential real-estate industry is experiencing, mainly over the estimated 5% to 6% commissions that agents still receive from many home sales despite technology-driven shifts in house hunting and other changes.
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