Home buyers across the US are preparing to receive cash payments following a major proposed settlement in a lawsuit alleging inflated real estate commissions.
The National Association of REALTORS and several brokerage firms agreed to the proposed $120.33 million settlement in a class action covering home purchases on multiple listing services.
The lawsuit was launched because the defendants allegedly engaged in anticompetitive practices that inflated broker commissions paid by buyers.
Plaintiffs accused the National Association of REALTORS and brokerages of rules and agreements that required sellers to offer buyer broker compensation through MLS listings.
The complaint claims these practices led to higher overall costs for home buyers nationwide over the class period.
The settlement covers people who purchased a house listed on an MLS anywhere in the U.S. where a commission was paid to any brokerage, subject to state-specific class periods, while home sellers are excluded.
Class members can submit claims online or by mail by October 27, 2026, for a pro rata share of the fund depending on the number of valid claims and transaction details.
The final fairness hearing is scheduled for November 2, 2026.
Defendants deny any violation of law but agreed to the resolution to avoid further litigation.
For eligibility and to file a claim, visit the official site.
Follow us on X @InvCryptoDaily
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Images May Be Sourced From Pixabay, Creative Commons & Midjourney
This post US Home Buyers Receiving Cash From $120,330,000 MLS Commission Settlement may be modified as updates unfold.
Please note, this site provides content for entertainment purposes only and does not offer financial advice. Read more here
