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Did a 'conspiracy' force real estate brokers to pay oversized commissions?

The sellers of more than 260,000 homes in the Midwest who alleged that a “conspiracy” among real estate brokers forced them to pay oversized commissions have been awarded almost $1.8 billion in damages by a Kansas City, Missouri jury. Under U.S. antitrust law, that amount could eventually be tripled, to more than $5.3 billion.

What damages did Re/Max & anywhere real estate pay?

The home sellers asked for damages of $1.78 billion. Before heading to trial, both Re/Max and Anywhere Real Estate opted to settle, with Re/Max paying $55 million and Anywhere Real Estate, whose subsidiaries include Coldwell Banker, Century 21 Real Estate, and Sotheby’s International Realty, paying $83.5 million in damages.

Which real estate companies have settled out of court for $140 million?

Two other firms initially named in the suits brought by home sellers – Re/Max and Anywhere Real estate, formerly known as Realogy, which is the parent company of Coldwell Banker, Century 21, Sotheby’s International Realty and Corcoran — settled out of court for a combined $140 million.

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