#Canada #Ontario #RE/MAX Class Action #Real Estate Settlement #Brokerage Commissions

Overview of the Class Action Settlement

On August 12, 2025, a significant announcement was made regarding the class action settlement involving RE/MAX Ontario-Atlantic Canada Inc. This settlement pertains to individuals who sold residential real estate through a Multiple Listing Service (MLS) after March 11, 2010. The class action covers sellers from both within Canada and abroad, providing them an opportunity for potential compensation related to brokerage commissions.

Key Details

The class action arose from allegations against RE/MAX regarding their brokerage commissions in connection with the use of MLS. Notably, the settlement includes a financial commitment of $7.8 million from RE/MAX, alongside cooperation in ongoing legal issues regarding other defendants involved in the case. In addition to this financial aspect, RE/MAX has agreed to adopt specific practice changes to reduce potential conflicts and respond more appropriately to past grievances.

What Sellers Need to Know

If you sold residential real estate after March 11, 2010, and are part of this class, it's crucial to be aware of your options moving forward. One of the most significant points from the settlement is that individuals need to opt-out by submitting an opt-out form by September 22, 2025, if they do not wish to be bound by the terms of the agreement. Failure to opt-out means you will be included in the class and subject to all decisions made regarding this case.

Reasons to Consider Opting Out

Opting out may be warranted if you believe that the settlement does not adequately address your concerns or compensation expectations. Furthermore, those who opt-out will retain the right to pursue individual claims against RE/MAX if they feel justified, without being confined to the limitations of this class action.

The Future of Real Estate Brokerage Practices

As part of the settlement, RE/MAX has committed to making key alterations in how they engage with franchisees and affiliated brokers regarding MLS membership and the practices that may have contributed to perceived commission issues in the lawsuit. These changes aim to foster a more transparent and fair environment for real estate transactions. The nature of real estate brokerage and commission structures is being closely scrutinized, raising important questions about industry practices.

The Legal Proceedings Ahead

The settlement remains subject to approval from the federal court, with a hearing scheduled for October 6, 2025. During this proceeding, the court will consider not only the validity and fairness of the proposed settlement but also an application for $2.34 million in attorney fees associated with representing the class. Stakeholders interested in this case, including the sellers and the defendants, may voice their opinions or objections until September 22, 2025.

For more information regarding this class action, including opt-out procedures, eligibility criteria, and the overarching legal implications, sellers can visit CanadaRealEstateClassAction.ca. This platform provides insights into how to properly navigate the complexities of the class action process and understand your rights.

In conclusion, this class action settlement represents a notable moment for those involved in real estate transactions within the specified time frame, potentially leading to significant changes within the brokerage landscape. Ensuring that you fully understand your options and implications is essential for making informed decisions moving forward.