National Association of Realtors and HomeServices MLS proposed class action settlements
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Proof Required?
The National Association of Realtors (NAR) and HomeServices have agreed to massive settlements totaling $668 million to resolve class action lawsuits about real estate commissions. The NAR settlement provides $418 million, while the HomeServices settlement offers an additional $250 million.
These lawsuits alleged that certain practices in the real estate industry artificially inflated commission costs for home sellers. If you sold a home through a multiple listing service (MLS) and paid real estate broker commissions during the specified time period, you may be entitled to compensation from one or both of these settlements.
Who Is Eligible?
You may be eligible to file a claim if you:
- You sold a home that was listed on a multiple listing service (MLS)
- You paid commission fees to a real estate brokerage during the class period
- Your home sale occurred within the dates specified in the settlement agreements
- You have not previously released claims related to real estate commission practices
How Much Can You Get?
The settlements provide a combined total of $668 million in compensation. The National Association of Realtors settlement contributes $418 million, while the HomeServices settlement adds $250 million to the pool.
The exact amount each eligible homeowner will receive depends on factors like the number of valid claims filed, the sale price of your home, and the commission amount you paid. Settlement administrators will calculate individual payouts based on these criteria once all claims are processed.
How to File Your Claim
Filing your claim is quick and easy:
- Gather documentation of your home sale, including closing documents and commission payment records
- Review the settlement details to confirm you meet the eligibility requirements
- Complete the required claim form with accurate information about your home sale
- Submit any required supporting documentation
- Download the Class Action Buddy app to help guide you through the filing process and track your claim status
Frequently Asked Questions
What is the National Association of Realtors settlement about?
The settlement resolves lawsuits alleging that certain real estate industry practices artificially inflated commission costs for home sellers who used multiple listing services.
How much money is available in these real estate settlements?
There are two settlements totaling $668 million - a $418 million National Association of Realtors settlement and a $250 million HomeServices settlement.
Do I need proof to file a claim in the real estate commission settlement?
You'll likely need documentation of your home sale and commission payments, such as closing documents, but specific proof requirements are still being finalized.
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