Gibson et al v. National Association of Realtors et al

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Case overview

Case Number:

4:23-cv-00788

Court:

Missouri Western

Nature of Suit:

Anti-Trust

Multi Party Litigation:

Class Action

Judge:

Stephen R. Bough

Firms

Companies

Sectors & Industries:

  1. March 19, 2024

    NAR Pitches Broker Fee Shakeup To Quiet Antitrust Scrutiny

    As soon as this summer, The National Association of Realtors could retire a long-standing system traditionally setting brokers fees at 6% of the cost of a home sale, in a change to escape mounting claims that the rules caused home sellers to pay more than their fair share.

  2. March 15, 2024

    Realtors Cut $418M Deal, Agree To Make Broker Fee Changes

    The National Association of Realtors said Friday that it has reached a settlement to end claims that its broker commission rules caused home sellers across the country to pay inflated fees, agreeing to pay $418 million over four years and to implement changes to its rules.

  3. January 17, 2024

    NAR, Brokerages Can't Pause Commissions Suit In Missouri

    A Missouri federal judge on Wednesday refused to halt a proposed class action accusing the National Association of Realtors and major brokerages including Compass Inc. and Douglas Elliman Inc. of conspiring to charge home sellers with allegedly inflated buyer-broker fees.

  4. January 02, 2024

    Brokerages Join Stay Bid In NAR Antitrust Copycat Case

    A Missouri federal judge said Tuesday a handful of major brokerages can back the National Association of Realtors' request to stay claims that they forced home sellers to pay excessive commissions, while the NAR appeals a $1.8 billion jury award in a related suit.

  5. October 31, 2023

    Realtors Association, Brokerages Sued Over 'Inflated' Fees

    A proposed class of home sellers has accused the National Association of Realtors and multiple brokerages of conspiring to force them to pay excessive fees to brokers representing home buyers, after a Missouri federal court jury on Tuesday awarded more than $1.7 billion to plaintiffs in a similar suit.