1925 Hooper LLC, et al. v. The National Association of Realtors, et al.

What is this Lawsuit about?

The lawsuit claims that Defendants, including Higher Tech, eXp, Weichert, and Atlanta Communities, created and implemented rules that require home sellers to pay commissions to the broker or agent representing the buyer and that caused home sellers to pay total commissions at inflated rates. It also alleges that Defendants enforced these rules through anticompetitive and unlawful practices.

The lawsuit claims that these rules are anticompetitive and unfair, and that they violate antitrust laws. Specifically, the lawsuit alleges violations of the Sherman Act (a federal antitrust statute found at 15 U.S.C. § 1 et seq.) among other things. The Sherman Act claims apply to home sales that occurred anywhere in the United States during the Eligible Date Range.

How do I know if I am in the Settlement Class?

You are a part of the Settlement Class if you: (1) sold a home during the Eligible Date Range; (2) listed the home that was sold on a multiple listing service anywhere in the United States; and (3) paid a commission to a real estate brokerage in connection with the sale of the home.

What does the Settlement provide?

If you are a member of the Settlement Class, you are eligible to receive a benefit under the Settlements.

The Settling Defendants named here have agreed to pay, collectively, $44.05 million into a settlement fund: Higher Tech ($750,000), eXp ($34 million), Weichert ($8.5 million), and Atlanta Communities ($800,000). The funds will be distributed to qualifying Settlement Class Members who submit an approved claim form, after any awarded attorneys’ fees, expenses, and settlement administration costs have been deducted. Higher Tech, eXp, Weichert, and Atlanta Communities have also agreed to implement Practice Changes and provide Cooperation. You can learn more about the Practices Changes and Cooperation in the Settlement Agreements.

YOUR RIGHTS AND OPTIONS IN THIS SETTLEMENT