Did you sell a home in the U.S. between 2015 and 2020? If so, you might be owed money from a massive $730 million settlement that’s shaking up the real estate world.
This isn’t just another legal case—it’s a chance for millions of sellers to claim back commissions they may have unfairly paid. Let’s break down what’s going on, who qualifies, and how you can get your piece of the pie.
Background
The $730 million real estate commission settlement is part of a class-action lawsuit called Burnett v. National Association of Realtors. The suit accused NAR and several big brokerages of inflating commission fees through outdated rules that forced sellers to pay buyer-agent commissions—whether they wanted to or not.
In 2023, a Missouri jury sided with the plaintiffs, awarding $1.8 billion in damages. To avoid even bigger penalties, NAR and brokerages like RE/MAX, Keller Williams, and Anywhere Real Estate agreed to a historic $943 million combined settlement—$730 million of which is earmarked for eligible sellers.
Eligibility
Wondering if you qualify for a payout? Here’s a quick checklist. You’re likely eligible if:
- You sold a residential property in the U.S.
- The sale happened between Jan 1, 2015, and Dec 31, 2020
- Your property was listed on an MLS
- You paid a buyer’s agent commission
- Your brokerage was part of NAR or one of these companies:
- Keller Williams
- RE/MAX
- Anywhere Real Estate
- HomeServices of America
Even if you’re unsure, it’s worth checking your sale documents—or reaching out to your agent.
Process
Getting your money isn’t automatic—you have to file a claim. But don’t worry, the process is pretty straightforward.
Here’s how to do it
| Step | What to Do |
|---|---|
| Stay Informed | Visit the NAR settlement website and sign up for updates. |
| Collect Documents | Get your HUD-1 or ALTA closing statement, MLS listing, and commission info. |
| Wait for Approval | The final court decision is expected by mid-2025. |
| File Your Claim | Submit your form (online or by mail) once the claim period opens. |
| Get Paid | Amounts vary based on how much you paid and how many apply. |
Start gathering your paperwork now so you’re ready when the window opens.
Reforms
This case isn’t just about payouts. It’s about changing how the real estate business works. Starting August 17, 2024, the following rules kick in:
- Sellers no longer have to offer commissions to buyer’s agents on MLS listings.
- Buyers must sign written contracts with agents that spell out compensation.
- MLSs must remove fields that suggest commission offers are mandatory.
These changes are expected to:
- Lower costs for sellers
- Make agent fees more transparent
- Give buyers and sellers more freedom to negotiate
Think of it as switching from an old rotary phone system to a modern smartphone—more options, less confusion.
Example
Let’s say Jane sold her house in 2017 for $400,000 and paid a 6% commission—split between two agents. That’s $24,000 in total, with $12,000 going to the buyer’s agent.
Jane’s sale meets all the criteria, so she may recover part of that $12,000. The exact amount depends on how many others file claims and how funds are divided.
Outlook
This settlement could mark a permanent shift in how we buy and sell homes. For sellers, it’s a shot at fair compensation. For the industry, it’s a wake-up call. No more hidden fees. No more forced commissions. Just a more open, competitive marketplace.
Whether you’re a past seller, a real estate pro, or just curious about the changing housing game—this is a moment worth watching (and acting on).
FAQs
Who qualifies for the payout?
Home sellers from 2015–2020 who paid a buyer’s agent.
What documents are needed?
HUD-1 or ALTA, MLS listing, and commission breakdown.
When can I file a claim?
Sometime in mid-2025 after court approval.
How much money could I get?
It depends on how much you paid and total claims filed.
Where can I file my claim?
On the official NAR settlement website when live.
