It's uncertain how real estate markets will make the transition between now and mid-August, when the settlement is due to go into effect. What the lawsuits are about The settlement stems from a federal class-action antitrust lawsuit, Burnett v. National Association of Realtors et al., ...
On March 15, 2024, the National Association of Realtors settled a class action lawsuit by homeowners who alleged that the NAR had illegally inflated the commissions charged to realtors. As part of the $418 million settlement, the NAR agreed to stop allowing broker compensation offers on its li...
Jurors this week awarded home sellers $1.78 billion in damages for an alleged conspiracy between the National Association of Realtors and residential brokers to inflate broker commissions. The class action lawsuit was brought by home sellers who listed their houses in multiple listing services for the...
Minutes after Tuesday’s victory, Ketchmark filed a new class-action lawsuit against real estate companies including Douglas Elliman, Compass and Redfin. The new suit also alleges the companies violated antitrust laws by conspiring to keep commissions high. ...
you are agreeing to use arbitration as a means to resolve disputes between us, and as a result, you are waiving certain rights to litigate claims that you might have against us, including as a part of a class action lawsuit. If you do not want to agree to these Terms or the Privacy ...