Transaction Parameters
Class action standing is strongest for home sellers who paid buyer-agent commission.
Gross sales transaction price on settlement disclosure.
Cooperative commission rate offered to buyer broker via MLS/MRED.
Primary class claims cover transactions between 2019 and mid-2024.
Specific jurisdiction impacts legal precedent and active plaintiff filings.
Antitrust Compliance Checklist
PASS
MLS Compensation Rule
Post-August 2024 ban on unilateral buyer-agent commission offers on MLS boards.
PASS
Written Buyer Representation
Mandatory written agreement signed prior to touring any residential property.
MONITOR
Steering & Fee Conspicuity
Transparent negotiable disclosures without informal cooperative minimums.
Calculated Settlement & Recovery Exposure
Est. Recovery High (100% Claim)
$11,250
Total cooperative commission damages
Est. Recovery Low (30% Net Fund)
$3,375
Conservative class member distribution
Plaintiff Standing / Risk Tier
Moderate Class Member
Illinois MRED Class Alignment
Settlement Fund Allocation & Damage Distribution
Visualized via D3.js| Component Allocation | Rate / Share | Calculated Amount |
|---|---|---|
| Buyer Broker Commission Paid (Unlawful Tie-in Claim) | 2.50% | $11,250 |
| Estimated Class Counsel Attorneys' Fees & Court Costs | 33.3% of recovery | -$3,746 |
| Class Settlement Reserve & Administrative Deductions | 36.7% typical fund haircut | -$4,129 |
| Net Estimated Plaintiff Recovery Range (Low - High) | 30% - 100% | $3,375 - $11,250 |
Recommended Action & Documentation Checklist
Litigation Protocol:
Gather closing disclosure forms and settlement statements from transactions between 2019-2024 for class action submission.
Substantiating Documents for Claims Submission
- HUD-1 or ALTA Settlement Statement: Confirms line 700 commission split and seller payments.
- Closing Disclosure (CD): Verifies final borrower and seller debits at title closing.
- Exclusive Right to Sell Listing Contract: Documents mandatory cooperative compensation terms.
- MRED / MLS Listing Printout: Historical evidence of cooperative broker commission offer.