If you sold a home and paid a commission to a real estate agent, then you may be part of a class action settlement.
The lawsuit alleges that there various real estate companies involved in an unfair agreement that caused home sellers to pay higher commissions to real estate agents or brokers, which violated antitrust laws.
— Residential Real Estate Broker Commissions
To be eligible to receive the benefits of the Settlements, you must have: (1) sold a home during the Eligible Date Range; (2) listed the home that was sold on a multiple listing service (“MLS”) anywhere in the United States; and (3) paid a commission to any real estate brokerage in connection with the sale of the home.
Financial Advisors do not provide specific tax/legal advice and this information should not be considered as such. You should always consult your tax/legal advisor regarding your own specific tax/legal situation.
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