Zillow Plunges After Verdict on Real Estate Brokerage Commissions
(Bloomberg) — Zillow Group Inc. and other real estate stocks plunged after a Missouri jury found the National Association of Realtors and other industry players guilty of colluding to maintain high brokerage commissions.
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Shares of Zillow were down 6.4% to $35.70 at 3:12 p.m. New York time. They earlier fell as much as 11%, the largest intraday decline since May 2022, after industry publications reported on the verdict. Brokerage shares also sank, with Compass Inc….