Previously, I wrote about the settlement reached by the National Association of Realtors (NAR) aiming to resolve litigation concerning alleged anticompetitive practices, potentially leading to financial compensation for certain home sellers in St. Louis and beyond. This litigation, which centers on claims of inflated commission rates, could see a transformative resolution pending court approval expected by summer. If approved by the court, this settlement, alongside those reached with other corporate defendants like RE/MAX, Keller Williams, Realogy, and Compass, would provide eligible home sellers a pathway to claim financial redress for the commissions paid during the specified periods.
Eligibility Criteria and Key Details:
Moehrl v. NAR Eligibility:
- Sold a home between March 6, 2015, and December 31, 2020.
- Utilized a real estate agent or broker affiliated with specific defendants, including Keller Williams, RE/MAX, and Anywhere Real Estate, among others.
- Paid a commission for the sale listed on a covered Multiple Listing Service (MLS) in certain areas.
- Filing Deadline: The deadline to submit a claim is May 9, 2025.
Burnett et al. v. NAR Eligibility:
- Sold a home within the eligible date range specified in the Long Form Notices.
- Listed the sold home on an MLS in any part of the United States.
- Paid a commission to any real estate brokerage in connection with the sale.
- Not restricted to homes sold using agents from Anywhere, RE/MAX, or Keller Williams.
- Filing Deadline: The deadline to submit a claim is May 9, 2025.
Next Steps for Eligible Home Sellers:
- Verify Eligibility: Sellers should review the detailed eligibility criteria on the settlement websites to determine if their home sale qualifies.
- Submit a Claim: To be considered for a payment, eligible sellers must file a claim by the May 9, 2025 deadline. Claim forms are accessible by clicking the links below:
- Consider Opting Out or Objecting: If you wish to opt out of the settlement, the deadline to opt-out or object to the settlements is April 13, 2024.
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