Topic: commissions

Seeking to inject competition on commissions into Cayman’s real estate market amid price fixing concerns, a group of independent realtors are forming a new industry association.

In a recent US court decision, real estate associations were found to be conspiring to fix commission rates, limiting consumer choice in a competitive market. This ruling may significantly impact the way homes are bought and sold in the United States and could also have consequences for the real estate market in the Cayman Islands, where similar rules are in place.