$42M real estate commissions class action settlement
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Proof Required?
Real estate companies have agreed to pay over $42 million to settle a class action lawsuit alleging they violated antitrust laws through their commission practices. The lawsuit claimed that these companies required home sellers to pay commissions to both their own broker and the buyer's broker, potentially inflating costs for sellers.
If you sold a home and were required to pay commissions to both the listing agent and the buyer's agent, you may be eligible to receive compensation from this settlement. The companies agreed to resolve these claims without admitting wrongdoing, but the settlement provides relief to affected home sellers.
Who Is Eligible?
You may be eligible to file a claim if you:
- You sold residential real estate through one of the defendant companies
- You were required to pay commissions to both the seller's broker and buyer's broker
- Your home sale occurred during the specified class period (dates to be confirmed)
- You have records of your real estate transaction and commission payments
How Much Can You Get?
The settlement provides over $42 million in total compensation for eligible class members. The exact amount each person can receive will depend on factors such as the commission amounts paid and the number of valid claims submitted. Details about individual payout amounts are still being finalized as part of the settlement process.
How to File Your Claim
Filing your claim is quick and easy:
- Gather documentation of your home sale, including closing statements and commission payment records
- Review the settlement notice to confirm your eligibility and the class period dates
- Complete the required claim form with accurate information about your transaction
- Submit your claim before the deadline once it's announced
- Download Class Action Buddy to help you file your claim and track your settlement payment
Frequently Asked Questions
How much can I get from the real estate commission settlement?
The total settlement is $42 million, but individual payouts will depend on the commission amounts you paid and the total number of valid claims submitted. Specific payout amounts will be determined once all claims are processed.
What proof do I need for the real estate commission class action?
You'll likely need documentation from your home sale, such as closing statements, settlement sheets, or other records showing the commission amounts you paid to both brokers. Keep all real estate transaction paperwork as proof.
Which real estate companies are part of this settlement?
The specific real estate companies involved in this $42 million settlement are being identified as part of the legal proceedings. Check the official settlement notice for the complete list of defendant companies.
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