Gibson et al v. National Association of Realtors et al

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Case overview

Case Number:

4:23-cv-00788

Court:

Missouri Western

Nature of Suit:

Anti-Trust

Multi Party Litigation:

Class Action

Judge:

Stephen R. Bough

Firms

Companies

Sectors & Industries:

  1. March 22, 2024

    Home Sellers Hope $58M Compass Deal Helps Spur Others

    Compass Inc. announced Friday that it would pay home sellers $57.5 million in the first settlement since the National Association of Realtors reached its own deal this month to pay $418 million and overhaul rules that have effectively restricted how brokers buy and sell homes and how they're paid.

  2. March 19, 2024

    NAR Pitches Broker Fee Shakeup To Quiet Antitrust Scrutiny

    As soon as this summer, The National Association of Realtors could retire a long-standing system traditionally setting brokers fees at 6% of the cost of a home sale, in a change to escape mounting claims that the rules caused home sellers to pay more than their fair share.

  3. March 15, 2024

    Realtors Cut $418M Deal, Agree To Make Broker Fee Changes

    The National Association of Realtors said Friday that it has reached a settlement to end claims that its broker commission rules caused home sellers across the country to pay inflated fees, agreeing to pay $418 million over four years and to implement changes to its rules.

  4. January 17, 2024

    NAR, Brokerages Can't Pause Commissions Suit In Missouri

    A Missouri federal judge on Wednesday refused to halt a proposed class action accusing the National Association of Realtors and major brokerages including Compass Inc. and Douglas Elliman Inc. of conspiring to charge home sellers with allegedly inflated buyer-broker fees.

  5. January 02, 2024

    Brokerages Join Stay Bid In NAR Antitrust Copycat Case

    A Missouri federal judge said Tuesday a handful of major brokerages can back the National Association of Realtors' request to stay claims that they forced home sellers to pay excessive commissions, while the NAR appeals a $1.8 billion jury award in a related suit.

  6. October 31, 2023

    Realtors Association, Brokerages Sued Over 'Inflated' Fees

    A proposed class of home sellers has accused the National Association of Realtors and multiple brokerages of conspiring to force them to pay excessive fees to brokers representing home buyers, after a Missouri federal court jury on Tuesday awarded more than $1.7 billion to plaintiffs in a similar suit.