{"id":473,"date":"2024-12-20T01:56:45","date_gmt":"2024-12-20T01:56:45","guid":{"rendered":"https:\/\/www.soscip.org\/us\/?p=473"},"modified":"2024-12-20T01:56:46","modified_gmt":"2024-12-20T01:56:46","slug":"730-million-real-estate-broker-settlements","status":"publish","type":"post","link":"https:\/\/www.soscip.org\/us\/730-million-real-estate-broker-settlements\/","title":{"rendered":"Over $730 Million Real Estate Broker Commission Class Action Settlements: Are You Eligible?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Suppose you sold a home listed on a multiple listing service (MLS) between October 31, 2017, and July 23, 2024, and paid a real estate broker commission. In that case, you may qualify for compensation from class action settlements totaling over $730 million. These settlements address claims of inflated commission fees due to alleged anti-competitive practices among brokers and agents.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><h2>Table of Contents<\/h2><nav><ul><li><a href=\"#settlement-overview\">Settlement Overview<\/a><\/li><li><a href=\"#whos-eligible\">Who\u2019s Eligible?<\/a><\/li><li><a href=\"#how-much-can-you-receive\">How Much Can You Receive?<\/a><\/li><li><a href=\"#key-deadlines\">Key Deadlines<\/a><\/li><li><a href=\"#how-to-file-a-claim\">How to File a Claim<\/a><\/li><li><a href=\"#case-details\">Case Details<\/a><\/li><li><a href=\"#contact-information\">Contact Information<\/a><\/li><li><a href=\"#stay-informed-and-claim-your-compensation\">Stay Informed and Claim Your Compensation<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"settlement-overview\">Settlement Overview<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The &#8220;<a href=\"https:\/\/www.soscip.org\/us\/730-million-real-estate-broker-settlements\/\" data-type=\"link\" data-id=\"https:\/\/www.soscip.org\/us\/730-million-real-estate-broker-settlements\/\">real estate commission litigation<\/a>&#8221; claims that brokers and agents violated antitrust laws by conspiring to inflate commission fees artificially. As a result, home sellers reportedly paid higher commissions than necessary.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Several prominent brokerage companies have agreed to settlements, contributing to a total of over $730 million. Below is the breakdown of contributions from the defendants:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Compass Inc.<\/strong>: $57.5 million<\/li>\n\n\n\n<li><strong>Real Brokerage<\/strong>: $9.25 million<\/li>\n\n\n\n<li><strong>Realty ONE<\/strong>: $5 million<\/li>\n\n\n\n<li><strong>@Properties<\/strong>: $6.5 million<\/li>\n\n\n\n<li><strong>Douglas Elliman<\/strong>: $7.75 million (with up to $10 million more contingent)<\/li>\n\n\n\n<li><strong>Redfin<\/strong>: $9.25 million<\/li>\n\n\n\n<li><strong>Engel &amp; V\u00f6lkers<\/strong>: $6.9 million<\/li>\n\n\n\n<li><strong>HomeSmart<\/strong>: $4.7 million<\/li>\n\n\n\n<li><strong>United Real Estate<\/strong>: $3.75 million<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">These settlements provide a proportional share of compensation to eligible class members.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"whos-eligible\">Who\u2019s Eligible?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To qualify, you must meet the following criteria:<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>Sold a Home<\/strong>: The property must have been sold during the eligible date range.<\/li>\n\n\n\n<li><strong>Listed on MLS<\/strong>: The home was listed on a multiple listing service anywhere in the United States.<\/li>\n\n\n\n<li><strong>Paid a Commission<\/strong>: You paid a real estate brokerage commission during the sale process.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">To confirm your eligibility, visit the settlement website at RealEstateCommissionLitigation.com.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"eligible-date-ranges\">Eligible Date Ranges<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Details about eligible date ranges are available on the settlement website. Ensure your sale aligns with the specific timeframes to qualify for compensation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-much-can-you-receive\">How Much Can You Receive?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The amount varies based on individual cases. Payments will be distributed proportionally from the settlement funds, depending on the commissions paid and other factors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"proof-of-purchase-required\">Proof of Purchase Required<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">To file a claim, you must provide:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Closing Documents<\/strong>: Proof of the sale date and real estate broker commission fees paid.<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.soscip.org\/us\/equifax-data-breach-settlement\/\" data-type=\"post\" data-id=\"23\">Equifax Data Breach Settlement: Amount, Deadlines and Compensation<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.soscip.org\/us\/1-6-million-hilb-group-data-breach-settlement\/\" data-type=\"post\" data-id=\"407\">$1.6 Million Hilb Group Data Breach Settlement: How Much Could You Receive?<\/a><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\"><a href=\"https:\/\/www.soscip.org\/us\/verizon-100m-administrative-fees-settlement\/\" data-type=\"post\" data-id=\"393\">Verizon $100M Administrative Fees Class Action Settlement Explained 2024<\/a><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\"><a href=\"https:\/\/www.soscip.org\/us\/2m-bosch-appliances-class-action-settlement-2024\/\" data-type=\"post\" data-id=\"386\">$2M Bosch Home Appliances Class Action Settlement 2024: Claim Cash or Extended Benefits<\/a><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\"><a href=\"https:\/\/www.soscip.org\/us\/verizon-class-action-settlement-2024\/\" data-type=\"post\" data-id=\"188\">Verizon Class Action Settlement 2024: Payout Details, Eligibility, and Payment Timeline<\/a><\/p>\n<\/blockquote>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"key-deadlines\">Key Deadlines<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Claim Form Deadline<\/strong>: May 9, 2025<\/li>\n\n\n\n<li><strong>Exclusion and Objection Deadline<\/strong>: October 3, 2024<\/li>\n\n\n\n<li><strong>Final Approval Hearing<\/strong>: October 31, 2024<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-to-file-a-claim\">How to File a Claim<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Visit the settlement website at RealEstateCommissionLitigation.com to submit your claim. If you previously filed a claim with one of the other defendants in this case, you do not need to submit a new claim form.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"important-note\">Important Note<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Submitting a fraudulent claim is illegal and harms other eligible class members. Ensure you meet all qualifications before filing. Check the FAQ section on the settlement website if you are uncertain about your eligibility.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"case-details\">Case Details<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Case Name<\/strong>: Gibson, et al. v. National Association of Realtors, et al.<\/li>\n\n\n\n<li><strong>Case Number<\/strong>: 23-CV-788-SRB<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"contact-information\">Contact Information<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">For more information, contact the claims administrator:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Real Estate Commission Litigation Settlements<\/strong> c\/o JND Legal Administration PO Box 91479 Seattle, WA 98111 <strong>Email<\/strong>: info@RealEstateCommissionLitigation.com <strong>Phone<\/strong>: 888-995-0207<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"class-counsel\">Class Counsel<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ketchmark and McCreight P.C.<\/strong><\/li>\n\n\n\n<li><strong>Williams Dirks Dameron LLC<\/strong><\/li>\n\n\n\n<li><strong>Boulware Law LLC<\/strong><\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.soscip.org\/us\/thomson-reuters-27-5m-privacy-settlement\/\" data-type=\"post\" data-id=\"366\">Thomson Reuters $27.5M Privacy Settlement: Eligibility, Payment &amp; How to Submit Claim<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.soscip.org\/us\/hyundai-vehicle-theft-settlement-eligibility\/\" data-type=\"post\" data-id=\"400\">Hyundai Vehicle Theft Class Action Settlement: Eligibility, Payment &amp; How to Claim<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.soscip.org\/us\/claim-cash-3-65m-t-mobile-employment-settlement\/\" data-type=\"post\" data-id=\"371\">Claim Your Cash: $3.65M T-Mobile Employment Class Action Settlement<\/a><\/p>\n<\/blockquote>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"stay-informed-and-claim-your-compensation\">Stay Informed and Claim Your Compensation<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">With over $730 million available in settlements, now is the time to act if you meet the eligibility criteria. Ensure your claim is submitted by May 9, 2025, to receive your share of the settlement fund. For further details, visit RealEstateCommissionLitigation.com.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Suppose you sold a home listed on a multiple listing service (MLS) between October 31, 2017, and July 23, 2024, and paid a real estate broker commission. In that case, you may qualify for compensation from class action settlements totaling over $730 million. These settlements address claims of inflated commission fees due to alleged anti-competitive&nbsp;<a class=\"read-more\" href=\"https:\/\/www.soscip.org\/us\/730-million-real-estate-broker-settlements\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/posts\/473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/comments?post=473"}],"version-history":[{"count":5,"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/posts\/473\/revisions"}],"predecessor-version":[{"id":1112,"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/posts\/473\/revisions\/1112"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/media\/477"}],"wp:attachment":[{"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/media?parent=473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/categories?post=473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/tags?post=473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}