One day after plaintiffs in the largest buyer-focused lawsuit sought to block the National Association of Realtors®’ (NAR) $52 million settlement, a federal judge has curtly denied the request, pointing to her previous ruling when the same plaintiffs tried to prevent Anywhere from striking a similar settlement. “Plaintiffs’ motion for preliminary injunction as to Defendant…
Lawyers who launched the original buyer lawsuits—making largely the same accusations as Burnett but claiming homebuyers suffered harm—will seek to block the National Association of Realtors® (NAR) from striking a deal in a copycat case, asking a federal judge to block that deal based on what they describe as a “reverse auction.” In a filing…
The National Association of Realtors® (NAR) is settling buyer lawsuits for $52.25 million, opting into a copycat lawsuit in Illinois in what is being described as a “broader” release for all NAR members, brokerages and MLSs. The settlement is meant to resolve claims by homebuyers over the same claims put forward in the Burnett case…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. After defeat in Zillow injunction, Compass wants judge to distinguish MLS power In two major legal battles over private listings, Compass is seemingly seeking to draw a distinction between listing service market power…
Keller Williams Realty, LLC has agreed to pay $20 million to settle a class-action lawsuit brought by homebuyers alleging a decades-long conspiracy to fix real estate broker commissions and inflate home prices, according to court documents filed Feb. 2 in the U.S. District Court for the Northern District of Illinois. The settlement provides monetary compensation…