Gibson et al v. National Association of Realtors et al

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Case overview

Case Number:

4:23-cv-00788

Court:

Missouri Western

Nature of Suit:

Anti-Trust

Multi Party Litigation:

Class Action

Judge:

Stephen R. Bough

Firms

Companies

Sectors & Industries:

May 06, 2024
Redfin To Pay $9.2M To Exit Broker Fee Class Action

Redfin disclosed to regulators on Monday that it will pay $9.25 million to end claims that it caused home sellers to pay inflated commissions under rules set by the National Association of Realtors, allowing the company to exit a class action that ensnared several brokerage firms.
April 30, 2024
Deal Frees Douglas Elliman From Mo. Broker Fee Class Action

Douglas Elliman has agreed to pay up to $117.5 million to exit a class action in Missouri federal court accusing the broker of causing home sellers to pay inflated commissions under rules set by the National Association of Realtors.
April 26, 2024
HomeServices Brokerage Reaches Deal With Home Sellers

Berkshire Hathaway-owned brokerage firm HomeServices of America reached a deal Friday to settle claims that it forced a class of home sellers to pay inflated commissions, closely following the approval of a $418 million deal between the class and the National Association of Realtors.
April 23, 2024
Realtors, Home Sellers Get OK For $418M Broker Rules Deal

The National Association of Realtors and a nationwide class of home sellers on Tuesday scored a Missouri federal judge's initial approval of their $418 million settlement resolving claims that the trade group's broker commission rules caused home sellers across the country to pay inflated fees.
March 26, 2024
Deal Holdout HomeServices Can't Undo Sellers' Class Cert.

A Missouri federal judge refused Tuesday to grant class decertification sought by HomeServices of America, the lone holdout still fighting a jury verdict that pushed the National Association of Realtors into a settlement overhauling rules that have effectively restricted how brokers buy and sell homes and how they're paid.
March 22, 2024
Home Sellers Hope $58M Compass Deal Helps Spur Others

Compass Inc. announced Friday that it would pay home sellers $57.5 million in the first settlement since the National Association of Realtors reached its own deal this month to pay $418 million and overhaul rules that have effectively restricted how brokers buy and sell homes and how they're paid.
March 19, 2024
NAR Pitches Broker Fee Shakeup To Quiet Antitrust Scrutiny

As soon as this summer, The National Association of Realtors could retire a long-standing system traditionally setting brokers fees at 6% of the cost of a home sale, in a change to escape mounting claims that the rules caused home sellers to pay more than their fair share.
March 15, 2024
Realtors Cut $418M Deal, Agree To Make Broker Fee Changes

The National Association of Realtors said Friday that it has reached a settlement to end claims that its broker commission rules caused home sellers across the country to pay inflated fees, agreeing to pay $418 million over four years and to implement changes to its rules.
January 17, 2024
NAR, Brokerages Can't Pause Commissions Suit In Missouri

A Missouri federal judge on Wednesday refused to halt a proposed class action accusing the National Association of Realtors and major brokerages including Compass Inc. and Douglas Elliman Inc. of conspiring to charge home sellers with allegedly inflated buyer-broker fees.
January 02, 2024
Brokerages Join Stay Bid In NAR Antitrust Copycat Case

A Missouri federal judge said Tuesday a handful of major brokerages can back the National Association of Realtors' request to stay claims that they forced home sellers to pay excessive commissions, while the NAR appeals a $1.8 billion jury award in a related suit.

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