$208.5 Million Real Estate Seller Fee Class Action Settlement
Adobe - Steheap | Published: February 10, 2024
Claim Form Deadline: May 9, 2025
Payout: Varies
Proof required: No
What is the Real Estate Broker Class Action About?
A $208.5 Million class action settlement has been settled with some of the largest real estate brokerage companies in the United States over allegations that anti-competitive business practices led to home sellers paying artificially inflated real estate broker fees, violating antitrust laws. In short, the class action lawsuits alleged that RE/MAX, Keller Williams, and Anywhere Real Estate conspired together to charge sellers more for selling their homes.The National Association of Realtors (NAR) has come under fire in a landmark $1.8 billion court case originally filed in 2019, similar allegations were made against brokers and the association of realtors that, with use of the Multiple Listing Service, collusion and price-fixing home sale prices was conducted illegally and ended up in charging inflated agent fees and commissions. What this means for buyers and sellers is that hopefully the 6% home sale commissions might be coming to an end.
The $208.5 Million Settlement has been agreed upon with some of the top brokerages and real estate holding companies in the United States. The antitrust settlement fund of over $200,000,000 is split between Anywhere Real Estate, the biggest real estate brokerage franchiser in the world, RE/MAX, and Keller Williams. The breakdown of contribution to the settlement fund by defendant is as follows:
• Anywhere Real Estate: $83.5 million,
• Keller Williams: $70 million,
• RE/MAX: $55 million.
According to Business Insider, Keller Williams and RE/MAX make up two of the top five real estate brokerage or holding companies in the United States by sales volume. In 2019, Keller Williams was reported to have $336.59 billion in sales volume, and RE/MAX had sales volume of $269.93 billion.
How Do I Qualify for a Payout?
The only way to get a payout from the Real Estate Seller Fees Class Action is to file a claim by the deadline of May 9, 2025. Additionally, to get a payout from the record-breaking settlement you must meet the following requirements:• You must have listed a house that was sold on an MLS ("Multiple Listing Service"),
• The sale of the home must have been in the United States,
• You paid a real estate brokerage commission as a part of the process of selling the house,
• You must have sold a house during a qualifying date range (see table below):
| Where Your Home Was Listed | Qualified Listing Date Range |
|---|---|
| Heartland MLS | April 29, 2014 to February 1, 2024 |
| MARIS MLS | April 29, 2014 to February 1, 2024 |
| Columbia Board of Realtors MLS | April 29, 2014 to February 1, 2024 |
| Southern Missouri Regional MLS | April 29, 2014 to February 1, 2024 |
| Bright MLS | March 6, 2015 to February 1, 2024 |
| Carolina/Canopy MLS | March 6, 2015 to February 1, 2024 |
| Triangle MLS | March 6, 2015 to February 1, 2024 |
| Stellar MLS | March 6, 2015 to February 1, 2024 |
| Miami MLS | March 6, 2015 to February 1, 2024 |
| Florida Gulf Coast | March 6, 2015 to February 1, 2024 |
| Metro MLS | March 6, 2015 to February 1, 2024 |
| Yes MLS/MLS Now | March 6, 2015 to February 1, 2024 |
| Columbus Realtors MLS | March 6, 2015 to February 1, 2024 |
| Northstar MLS | March 6, 2015 to February 1, 2024 |
| Wasatch Front/Utah Real Estate | March 6, 2015 to February 1, 2024 |
| REcolorado/Metrolist | March 6, 2015 to February 1, 2024 |
| Pikes Peak MLS | March 6, 2015 to February 1, 2024 |
| GLVAR MLS | March 6, 2015 to February 1, 2024 |
| SABOR | March 6, 2015 to February 1, 2024 |
| ACTRIS/ABOR | March 6, 2015 to February 1, 2024 |
| HAR MLS | March 6, 2015 to February 1, 2024 |
| NTREIS | March 6, 2015 to February 1, 2024 |
| ARMLS | March 6, 2015 to February 1, 2024 |
| Realcomp II | March 6, 2015 to February 1, 2024 |
| MLS PIN | December 17, 2016 to February 1, 2024 |
| Any Other United States MLS | October 31, 2019 to February 1, 2024 |
How Do I Find Class Action Settlements?
Find all the latest Class Action Settlements you can qualify for by getting notified of new lawsuits as soon as they are open to claims:What is the MLS in Real Estate?
The "MLS" is the Multiple Listing Service. It's a complex organization that provides a vast array of services to real estate brokers by allowing the exchange of information about buyers and sellers in the real estate market space. Typical information you'll find in the MLS is the asking price, number of specific rooms, square footage, and all the other details of a property. The MLS is at the center of the real estate seller fee class action lawsuit, since it is the most widely used system by real estate brokers.How Much Can I Get?
Each Class Member that elects to receive a Class Payment by filing a valid and timely claim form will receive a portion of the $208.5 million Class Action Settlement fund, after administrative, court, and legal fees are calculated out. Class action settlement payouts typically may be prorated based on the number of legitimate claims. If there are more claims filed than expected, the payout amount will be reduced per person.How do I file a Claim?
To qualify for a payment from Real Estate Brokers Fee Class action you must submit a claim form by May 9, 2025. You can find the electronic claim form below. You can also find a paper copy to print and mail on the official settlement website below. The mailing address for the settlement is:Burnett et al. v. The National Association of Realtors et al.
c/o JND Legal Administration
PO Box 91479
Seattle, WA 98111
Claim Form Website: RealEstateCommissionLitigation.com
Submit Claim - Without ID
Submit Claim - If You Received Notice ID
Filing Class Action Settlement Claims
Please note that your claim form will be rejected if you submit a settlement claim for payout with any fraudulent information. By providing this information and your sworn statement of its veracity, you agree to do so under the penalty of perjury. You would also be harming others that actually qualify for the class action settlement. If you are not sure whether or not you qualify for this class action settlement, visit the class action administrator's website below. OpenClassActions.com is only providing information and is not a class action administrator or a law firm. OpenClassActions is a participant in the Amazon affiliate advertising program and this post may contain affiliate links, which means we may earn a commission or fees if you make a purchase via those links.
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