Realtor Group Inks $52 Million Antitrust Deal in Homebuyer Suit

The National Association of Realtors has agreed to pay $52.3 million to settle claims in an antitrust class action brought by homebuyers, part of a strategy to reduce the trade group’s financial exposure and release member realtors from claims in an overlapping case.

Under the deal announced by NAR on Friday, the trade group would pay into a settlement fund over several years.

In the case, brought by plaintiff James Tuccori in the US District Court for the Northern District of Illinois, brokers and companies are accused of conspiring with the NAR to enforce rules that inflated real estate ...