Judge Approves Major Real Estate Settlements, Resolving Antitrust Claims

May 9, 2024, 02:26 PM

In a recent legal development, a federal judge in Chicago, Judge Stephen R. Bough, has approved landmark settlements involving major real estate brokerages Keller Williams, Anywhere, and RE/MAX. These settlements resolve antitrust claims related to real estate commissions in the Sitzer, Burnett, Moehrl, and Nosalek cases. Earlier, homebuyers' attorneys attempted to block these settlements in a federal courtroom, arguing that the approval of a previous Kansas City verdict favoring homesellers could undermine their commission-related lawsuits. Despite these efforts, the judge rejected the homebuyers' claims, allowing the settlements to proceed.