Home Sellers Can Sue as Class Action Against NAR & Brokerages, Federal Judge Says

In late March, a federal judge in in Northern Illinois said 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 lawsuit. According to a report from Reuters, U.S. Judge Andrea Wood, of the Northern District of Illinois, granted 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. Continue reading HERE...