May 06, 2024
Redfin disclosed to regulators on Monday that it will pay $9.25 million to end claims that it caused home sellers to pay inflated commissions under rules set by the National Association of Realtors, allowing the company to exit a class action that ensnared several brokerage firms.
April 23, 2024
The National Association of Realtors and a nationwide class of home sellers on Tuesday scored a Missouri federal judge's initial approval of their $418 million settlement resolving claims that the trade group's broker commission rules caused home sellers across the country to pay inflated fees.
April 09, 2024
The Real Brokerage Inc. will pay $9.2 million in a settlement to exit a class action in Missouri federal court over broker fees that prompted other big brokerages to change how they charge agent fees.
March 26, 2024
A Missouri federal judge refused Tuesday to grant class decertification sought by HomeServices of America, the lone holdout still fighting a jury verdict that pushed the National Association of Realtors into a settlement overhauling rules that have effectively restricted how brokers buy and sell homes and how they're paid.
March 22, 2024
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.
March 19, 2024
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.
March 15, 2024
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.
February 28, 2024
Several real estate brokerages pushed to exit a putative antitrust class action in Michigan federal court accusing them and the National Association of Realtors of conspiring to inflate commission fees for buyer-brokers, saying the court lacks personal jurisdiction and that arbitration is required.
January 02, 2024
Real estate associations and brokerages in Missouri and Brooklyn are facing new allegations of violating antitrust laws by pressuring home sellers to pay commissions to buyer-brokers.