
Real Estate Firms Add $40M to Seller Antitrust Settlement Fund
Five major real estate brokerages, including Howard Hanna and William Raveis, have reached settlements totaling over $40 million in a nationwide seller antitrust lawsuit.
Matthew Sinclair is a legal affairs correspondent for Crezzio, specializing in antitrust law, federal regulation, and corporate litigation. He reports on how government oversight and legal challenges impact major industries, particularly in the technology and real estate sectors.
Five major real estate brokerages, including Howard Hanna and William Raveis, have reached settlements totaling over $40 million in a nationwide seller antitrust lawsuit.
A federal jury ordered the National Association of Realtors to pay nearly $1.8 billion in damages after finding the group liable for conspiring to inflate commission rates.
Real estate technology leaders Zillow and Redfin are facing a wave of legal actions, including an FTC antitrust suit, a major copyright case, and a multi-billion dollar class-action lawsuit.
The Federal Trade Commission is suing real estate firms Zillow and Redfin, alleging an illegal $100 million deal was made to reduce competition in the rental market.