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Phillips v. NAR

Phillips v. National Association of REALTORS®

SettledAbsorbed into NAR global settlement ($418M)NAR Commission Antitrust
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Quick Facts

Filed

December 2023

Jurisdiction

Federal court (consolidated with Sitzer/Burnett for settlement)

Plaintiff Firm

Multiple plaintiff firms

Key Issue

'Copycat' lawsuit filed after Sitzer/Burnett verdict; alleged identical antitrust violations in buyer-broker commission practices

Industry Impact

Consolidated into NAR's global settlement strategy; claims resolved through same settlement fund and process as Sitzer/Burnett

Settlement Information
This case has been settled.

Settlement Amount

Absorbed into NAR global settlement ($418M)

Settlement Date

March 2024

Claim Deadline

November 15, 2024

Estimated Payout

Combined with Sitzer/Burnett settlement; estimated $500-$2,000 per transaction

Eligibility Criteria

Transaction Period

Home sales nationwide between 2019-2024 involving NAR member brokerages

Geographic Scope

Nationwide

Covered Brokerages

NAR member brokerages

Industry Practice Changes

Covered by NAR global settlement injunctive relief (elimination of mandatory buyer-broker commission offers, enhanced consumer disclosures)

Case Timeline
Key events and milestones in this case

Case Filed

December 2023

Phillips v. National Association of REALTORS® filed in Federal court (consolidated with Sitzer/Burnett for settlement)

Settlement Reached

March 2024

Settlement agreement reached for Absorbed into NAR global settlement ($418M)

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