#United States #RE/MAX #White Plains #MLS #Keller Williams

Proposed Settlements for Real Estate Class Action

In a significant development, Lowey Dannenberg, P.C., alongside Korein Tillery, LLC, has confirmed proposed settlements related to a class action lawsuit for individuals who purchased residential real estate in the United States since 2006. If you have bought a home listed on a Multiple Listing Service (MLS), you may be eligible for part of a whopping $28.5 million settlement.

What’s the Settlement About?

The class action lawsuit centers around allegations that major real estate firms, including Keller Williams and RE/MAX, participated in a conspiracy to inflate residential broker commissions. This alleged collusion, claimed by the plaintiffs, resulted in increased home prices and decreased quality in services offered to homebuyers, thus affecting countless individuals and families.

The proposed settlements detail an allocation of $20 million from Keller Williams and an additional $8.5 million from RE/MAX, both of which are meant to address the claims made by the affected homebuyers.

Who Qualifies for the Settlement?

The proposed settlement class encompasses all individuals or entities that purchased residential property in the United States, listed on an MLS, from the beginning of the statutory period until April 14, 2026. However, it’s important to note that individuals who were part of RE/MAX's previous settlement class in a related case are excluded from this settlement.

If you’re unsure whether you qualify, further information can be found at HomeBuyerLitigation.com or you can reach out by calling 1-800-329-4562.

Potential Payment Amounts

If you qualify as a member of the Settlement Class and do not opt out, you will be entitled to a payment from the settlement. The exact amount will depend on various factors including the number of valid claims submitted, the number of properties purchased, as well as the commissions paid during those transactions. A valid Claim Form must be submitted by August 25, 2026, to receive compensation.

Your Rights and Options

As a member of the Settlement Class, you will be bound by any decisions the court makes regarding this litigation unless you opt out before the deadline of June 23, 2026. An opt-out will maintain your right to pursue further legal action against Keller Williams, RE/MAX, and any other related parties. Additionally, if you wish to express any objections regarding the settlement or the plan for distribution, you have until the same deadline to submit your concerns.

Upcoming Court Hearing

The United States District Court for the Northern District of Illinois is scheduled to hold a hearing on July 28, 2026, to discuss and make approvals regarding the proposed settlements and class actions. If you wish to voice your opinions during this hearing, you or your legal representative can request to participate at your own expense.

For the latest developments regarding this litigation, including any changes in the schedule for the hearing, please regularly check HomeBuyerLitigation.com.

Conclusion

This proposed settlement represents a crucial step for many individuals who have been impacted by the alleged practices of these real estate agencies. If you believe you qualify, take action now to ensure you submit your claims correctly within the stipulated deadlines. Remember, failure to act may result in the forfeiture of your rights to partake in this settlement process.