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Burnett, et al. v. National Association of Realtors, et al.
Date: 10-30-2023
Case Number:
Judge:
Court: United States District Court for the Western District of Missouri (Jackson County)
Plaintiff's Attorney:
Click Here For The Best Kansas City Fraud Lawyer Directory
Defendant's Attorney: Not Available
Description:
Kansas City, Missouri personal injury lawyers represented the Plaintiff who sued the Defendants on antitrust theories.
The plaintiffs claimed that Defendants violated antitrust laws by conspiring to fix prices.
In court, NAR presented evidence that consumers are better off and business competition is able to thrive because of our rules and how well local MLS broker marketplaces function. In fact, the NAR cooperative compensation rule for local MLS broker marketplaces ensures efficient, transparent and equitable marketplaces where sellers can sell their home for more and have their home seen by more buyers while buyers have more choices of homes and can afford representation. NAR also presented that REALTORS® are everyday working Americans who are experts at helping consumers navigate the complexities of home purchases and advocates for fair housing and wealth building for all.
NAR was formed 100 years ago because there was a need for a higher level of ethical practice. We should all be proud that REALTORS® continue to serve in that role. I know our mission to advocate for homeownership and always put our clients' interests first is unwavering. We recognize our legal team and outside counsel have worked tirelessly on this case. It will likely be several years before we reach a conclusion.
I am grateful to our NAR staff and our 1.5 million members who work to serve their clients every day. We have an important shared purpose for consumers, and we could not achieve that without all that each of us does.
Below are some key questions people may have. We will continue to keep you informed of any notable litigation milestones, and in the meantime, I encourage you to continue to refer to the competition.realtor website, which provides a comprehensive overview of—and many resources for explaining— how REALTORS® and local MLS broker marketplaces benefit consumers. The need for each of us and every member to continue to express our value every day in as many ways as we can remains an imperative.
The plaintiffs claimed that Defendants violated antitrust laws by conspiring to fix prices.
In court, NAR presented evidence that consumers are better off and business competition is able to thrive because of our rules and how well local MLS broker marketplaces function. In fact, the NAR cooperative compensation rule for local MLS broker marketplaces ensures efficient, transparent and equitable marketplaces where sellers can sell their home for more and have their home seen by more buyers while buyers have more choices of homes and can afford representation. NAR also presented that REALTORS® are everyday working Americans who are experts at helping consumers navigate the complexities of home purchases and advocates for fair housing and wealth building for all.
NAR was formed 100 years ago because there was a need for a higher level of ethical practice. We should all be proud that REALTORS® continue to serve in that role. I know our mission to advocate for homeownership and always put our clients' interests first is unwavering. We recognize our legal team and outside counsel have worked tirelessly on this case. It will likely be several years before we reach a conclusion.
I am grateful to our NAR staff and our 1.5 million members who work to serve their clients every day. We have an important shared purpose for consumers, and we could not achieve that without all that each of us does.
Below are some key questions people may have. We will continue to keep you informed of any notable litigation milestones, and in the meantime, I encourage you to continue to refer to the competition.realtor website, which provides a comprehensive overview of—and many resources for explaining— how REALTORS® and local MLS broker marketplaces benefit consumers. The need for each of us and every member to continue to express our value every day in as many ways as we can remains an imperative.
Outcome:
Plaintiffs' verdict for $1.8 billion.
Plaintiff's Experts:
Defendant's Experts:
Comments:
About This Case
What was the outcome of Burnett, et al. v. National Association of Realtors, et al.?
The outcome was: Plaintiffs' verdict for $1.8 billion.
Which court heard Burnett, et al. v. National Association of Realtors, et al.?
This case was heard in United States District Court for the Western District of Missouri (Jackson County), MO.
Who were the attorneys in Burnett, et al. v. National Association of Realtors, et al.?
Plaintiff's attorney: Click Here For The Best Kansas City Fraud Lawyer Directory. Defendant's attorney: Not Available.
When was Burnett, et al. v. National Association of Realtors, et al. decided?
This case was decided on October 30, 2023.