#USA #Class Action #RE/MAX #Ontario #Residential Real Estate

Class Action Settlement Overview

In a significant turn of events, a class action settlement has emerged involving RE/MAX Ontario-Atlantic Canada Inc. for individuals who sold residential real estate using a multiple listing service (MLS) after March 11, 2010. If you find yourself among those affected, it's crucial to understand the details of this settlement, its implications, and your rights moving forward.

Who Is Affected?

The class action applies predominantly to those who completed residential real estate transactions on an MLS platform between March 11, 2010, and July 31, 2025. This encompasses not only individuals residing in Canada but also those living abroad who utilized these services.

The Details of the Settlement

RE/MAX has reached a proposed settlement requiring them to pay a total of $7.8 million. This payout is intended to address the claims and disputes raised in this class action. Notably, this settlement should not be construed as an acknowledgment of guilt or wrongdoing by RE/MAX, which maintains its stance of disagreement with the allegations presented against them.

Key Conditions of the Settlement

1. Compensation: RE/MAX will compensate affected individuals via the settlement fund.
2. Cooperation in Legal Actions: They are obliged to cooperate with the ongoing class actions aimed at the remaining defendants who have not settled.
3. Operational Changes: RE/MAX is required to implement certain operational practices, one of which includes ceasing the requirement for franchisees and affiliated agents to join particular real estate boards or associations implicated in this case.

Opting Out of the Class Action

Affected individuals are granted the right to opt-out of this settlement, which must be exercised by submitting a specific form by September 22, 2025. Anyone who chooses not to opt out will be bound by the terms of the settlement, including any subsequent ruling it entails. This window for opting out represents a critical opportunity for those who disagree with the settlement terms or wish to retain their discretion regarding possible further legal actions.

Important Court Hearing

A pivotal component of this settlement process is the upcoming court hearing set for October 6, 2025. At this session, the Federal Court will assess the proposal as well as Class Counsel's request for C$2.34 million in legal fees, calculated as 30% of the total settlement fund. Other expenditures incurred during litigation may also be addressed, alongside honoraria for the plaintiffs and contributions to the class action funder.

Taking Action

If you’re uncertain whether you belong to the affected class, or need assistance regarding the opt-out form, essential information is available through various channels. Individuals can visit CanadaRealEstateClassAction.ca for full details or to obtain necessary documentation.

Your Rights Matter

This case underscores the importance of being informed about your rights as a consumer and participant in real estate transactions. Remember, the choice to opt-out is entirely yours, and you must proceed before the deadline to ensure your voice is heard. Whether you choose to be part of the settlement or not, knowing your legal options is paramount, as the outcomes of such actions can have far-reaching implications in the sector.

Conclusion

In summary, the class action against RE/MAX provides a unique backdrop for comprehending consumer rights in residential real estate sales. As the October court date approaches, ensure you remain informed about the developments, seek guidance when necessary, and consider your choices carefully in this legal landscape.