Hilton Head RE Brokers' Group Settles Antitrust Claims

Law360, New York (February 5, 2013, 4:25 PM EST) -- A group of real estate brokers servicing Hilton Head Island, S.C., have agreed to settle class action antitrust claims alleging they maintained unreasonably high commission rates by imposing membership rules that barred lower-cost competitors and discriminated against Internet brokers, according to court documents filed Monday.

The settlement is intended to compensate individuals or businesses that purchased real-estate brokerage services in connection with the sale of a home or lot in Hilton Head from Jan. 14, 2006, through Sept. 17, 2007, after Multiple Listing Service of Hilton...
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