• Metro East REIA

Judge Certifies 100’s of Thousands of Homeowners in Class Action Lawsuit vs. NAR

HousingWire is reporting that, in mid-April, a federal judge in Kansas City, Missouri certified a class action lawsuit that makes “hundreds of thousands” of U.S. housing consumers plaintiffs in what is potentially an historic case over real estate fees & commissions. The defendants are the National Association of Realtors (NAR) as well as four of the largest real estate firms in the country – Realogy, Berkshire Hathaway HomeServices of America, RE/MAX, and Keller Williams. In addition, HousingWIre says Judge Stephen Bough‘s 41-page ruling does not say either way whether he believes that NAR and the four brokerages conspired to make real estate commissions higher. Continue reading HERE...

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