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US Real Estate Brokerages Must Face Home Sellers’ Class Action

By  |  March 30, 2023

On Wednesday federal judge ruled that home sellers accusing the National Association of Realtors and a group of real estate brokerages of conspiring to inflate commission rates can move forward as a class action.

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    US District Judge Andrea Wood’s decision grants class-action status to past home sellers seeking more than $13 billion in damages and creates a separate class of current and future sellers who want a court injunction that bars subsequent violations of U.S. antitrust law.

    Read more: CoStar Defeats Real Estate Antitrust Suit

    The plaintiffs are seven home sellers. The judge’s order said membership in each class “can be expected to number in the thousands, at minimum.”

    Designation as a class means the plaintiffs’ can pursue large-scale claims against the National Association of Realtors, RE/MAX LLC, Long & Foster Inc and other corporate defendants as opposed to filing individual claims for monetary damages.