#United States #Class Action #Irvine #Real Estate #Antitrust

Overview of the Class Action Settlement

CPT Group, Inc. recently announced that a settlement has been reached in a significant lawsuit known as 1925 Hooper LLC et al. v. The National Association of Realtors et al. This lawsuit revolves around claims regarding an alleged anticompetitive agreement that resulted in home sellers incurring excessive commissions to real estate brokers or agents, in violation of antitrust laws. The case number is 123-cv-05392-MHC, and it is filed in the United States District Court for the Northern District of Georgia.

Who is Affected?

This settlement affects individuals who have sold a home and paid a commission to a real estate agent during the stipulated timeframe. To qualify for the settlement benefits, you must meet the following criteria:
1. You sold a home between October 31, 2019, and July 22, 2025.
2. The home sold was listed on a multiple listing service (MLS) anywhere in the U.S.
3. You paid a commission to a real estate brokerage related to that sale.

If you fulfilled these conditions, you may be entitled to a portion of the settlement fund.

Settlement Details

The defendants in this case — which include notable names like Higher Tech Realty (doing business as Mark Spain Real Estate), eXp World Holdings, Weichert of North America, and Atlanta Communities Real Estate Brokerage — have collectively agreed to contribute $44.05 million to a settlement fund. This fund will be distributed to eligible class members who submit a validated claim form. It should be noted that this amount will be disbursed after the payment of any attorneys' fees, expenses, and settlement administration costs.

How to Claim Your Payment

To receive benefits from this settlement, you must submit a claim form that includes details about your home sale and the commissions you paid. This can be done online or via U.S. Mail by September 20, 2025. Claim forms are accessible for download and can also be submitted online at NationwideRealEstateCommissionSettlement.com.

Additional Options

If you prefer, you have a few options regarding your participation:

• - Do Nothing: If you choose this option, you will not receive any settlement benefits, but you will still be bound by the terms of the settlement.
• - Exclude Yourself: If you wish to pursue your own legal action against the defendants, you can opt out of the settlement. This must be communicated to the Settlement Administrator by September 20, 2025.
• - Object to the Settlement: If you do not agree with the terms of the settlement, you have the right to voice your objections. Written notices of objection must also be submitted to the Settlement Administrator by the noted deadline.

For more detailed information on the settlement process, including how to object or exclude yourself, visit NationwideRealEstateCommissionSettlement.com.

Next Steps

The next significant date to be aware of is the court hearing scheduled for October 28, 2025, at 10:00 a.m. This will take place in front of Judge Mark H. Cohen at the same district court. The purpose of the hearing is to address any objections presented, assess the fairness of the settlement, and determine requests for attorneys' fees and costs.

For further queries, you can visit the above website, call their toll-free number at 1-888-317-3086, email at [email protected], or send correspondence to CPT Group, Inc., 50 Corporate Park, Irvine, CA 92606, under the case title mentioned earlier. This settlement could mean a significant financial benefit for many sellers who felt the burden of inflated commissions. It is imperative to take action accordingly.