We will file a claim on your behalf!

If you sold a home listed on a multiple listing service (MLS) and paid a commission to a real estate brokerage, you may be eligible to receive compensation from a $980+ million class action settlement involving the National Association of Realtors (NAR) and several major brokerages. These settlements stem from allegations that real estate industry practices led to inflated commission fees and violating antitrust laws. We have the expertise to properly file your claim and do so in a timely manner.

The settlements benefit individuals who sold a home during certain eligible date ranges, listed their home on a multiple listing service (MLS) anywhere in the United States, and paid a commission to any real estate brokerage in connection with their home sale. In Massachusetts, the eligible date range is from December 17, 2016 to August 17, 2024. It is also not limited to your primary residence but any real estate you sold in that time frame that was listed in MLS and where you paid a broker fee.

DETAILS MATTER! We will gather all the information and documents necessary to file a claim. With almost $1 Billion in the Settlement Fund to be distributed to eligible Claimants, dotting i’s and crossing t’s may be the difference between a claim being accepted or rejected.

What is the NAR Settlement? There were multiple class action lawsuits alleging anti-competitive practices in real estate transactions. The lawsuits challenged NAR’s MLS rules, which required home sellers to set a predetermined buyer agent commission, arguing that this practice limited competition and increased costs for consumers. In all likelihood, when you listed your property with a realtor, you agreed to pay a 5-6% fee for the sale of your home with a mandatory portion of that going to the buyer’s broker (typically half of the fee). The settlement aims to eliminate mandatory commission-sharing, promoting more transparent and competitive pricing in the real estate market.

How is my real estate broker affected? Not at all. Your broker is not notified or financially responsible in any sense to you or their brokerage office for any compensation you may be entitled to. The settlement is focused on compensating home sellers who paid commissions, not on penalizing individual brokers or agents. The settlement does not target individual brokers or agents for any wrongdoing. The settlement aims to change industry practices going forward, eliminating mandatory commission-sharing and enhancing fee transparency between buyers and sellers with their brokers.

How much money will I receive? Great question. No one knows. There are approximately 25 million people who are eligible to file a claim so without knowing how many claims are actually filed it is impossible to forecast how much any individual claim is worth. Once the Claims Administrator accepts your claim other factors such as how much you paid in broker fees will help determine the amount of your claim. The Claims Administrator is the Court appointed Settlement Administrator who determines the validity of your claim and how much money you are entitled to receive.

How is NAR Claims Settlement of Massachusetts (“NARCSMA”) Compensated? NARCSMA is compensated by a contingent fee. If your claim is successful, NARCSMA will charge a fee that is one-third (33.33%) of the compensation you receive. If your claim is unsuccessful, you owe nothing.