$120 Million Class Action Settlement for Homebuyers Involving NAR
A $120 million class action settlement has been reached involving the National Association of REALTORS® and several real estate brokerage companies. The lawsuit alleges anticompetitive practices that inflated commission rates, potentially affecting home prices and buyer-broker services. Homebuyers who purchased homes listed on an MLS in the U.S. during specific periods may be eligible for a cash payment.
Topics: antitrust real estate settlement