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National Association of Realtors - Homebuyer Litigation Class Action Settlement

Did you buy residential real estate in the US listed on a Multiple Listing Service?

Antitrust
active

Law Firm: Korein Tillery, LLC

Est. Recovery

$28,500,000

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About this case

Plaintiffs sued NAR, Keller Williams, RE/MAX, and Anywhere, alleging a coordinated scheme to reduce competition in buyer-agent services that kept buyer-agent commissions and home prices artificially high and steered buyers from lower-commission listings. They asserted multiple federal and state antitrust claims. Keller Williams and RE/MAX deny liability but agreed to settle for $28.5 million and to cooperate. If approved, non-opt-out Class Members who submit valid claims will share the Net Settlement Fund. Approval would resolve claims against Keller Williams and partly against RE/MAX while the case continues against remaining defendants; if not approved, litigation proceeds against all defendants.

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National Association of Realtors - Homebuyer Litigation Class Action Settlement | ClassAct