The recently settled $980 million class action lawsuit was brought against some of the largest real estate brokerage firms in the United States, including RE/MAX, Keller Williams, and Anywhere Real Estate. The lawsuit accused these companies of anti-competitive practices leading to artificially inflated real estate broker fees. These practices allegedly violated antitrust laws, making it more expensive for homeowners to sell their properties. If you sold real estate in the United States within specific timeframes in the last decade, you might be entitled to a significant payout from this settlement. The lawsuit is said to bear some similarities to a 2019 case against the National Association of Realtors (NAR), in which similar allegations of price-fixing and collusion were made. At the center of these cases is the Multiple Listing Service (MLS), which provides a platform for the exchange of information about property buyers and sellers. The MLS has been implicated in these anti-competitive practices. As part of the $980 million settlement, some of the top brokerages and real estate holding companies in the United States, including Anywhere Real Estate, RE/MAX, and Keller Williams, have agreed to contribute to a $200 million antitrust settlement fund. This case could signal an end to the 6% home sale commissions traditionally charged by brokers. To qualify for a payout from the settlement, claimants need to have listed a house that was sold on an MLS, the sale must have been in the United States, and a real estate brokerage commission must have been paid as part of the sale process. The house must also have been sold during a specified date range, depending on the location of the listing. It's crucial to submit a claim by the deadline of May 9, 2025, to be eligible.