A class action complaint has been filed in which it is alleged that individuals and entities that sold Manhattan residential real estate and paid a Buyer-Broker’s commission in accordance with the Real Estate Board of New York (REBNY) Listing Service Universal Co-Brokerage Agreement Rules and Regulations, at any time in the last 4 years, were forced to pay artificially inflated commissions in violation of Section 1 of the Sherman Act and New York state antitrust and unjust enrichment laws.

The Defendant brokerage firms include: Brown Harris Stevens, LLC; Christie’s International Real Estate LLC; Compass, Inc.; Coldwell Banker LLC; Core Marketing Services LLC; The Corcoran Group, Inc; Douglas Elliman, Inc.; Elegran Real Estate d/b/a Elegran LLC; Engel & Volkers LLC; Fox Residential Group LLC; Halstead Real Estate LLC; Homesnap Inc.; Keller Williams NYC, LLC; Leslie J. Garfield & Co. Inc.; Level Group Inc.; M.N.S. Real Estate NYC, LLC; Modern Spaces LLC; The Agency LLC; The Modlin Group LLC; Nest Seekers International LLC; Oxford Property Group LLC; R New York LLC; RE/MAX, LLC; Serhant LLC; Sloane Square LLC; and Sotheby’s International Realty Affiliates LLC.

If you sold residential real estate in Manhattan and paid a Buyer Broker’s commission in accordance with the REBNY Listing Service Universal Co-Brokerage Agreement Rules at any time after November 8, 2019, you may have been overcharged and may be entitled to recover financial damages as well as potentially a court approved service award, if appropriate, at no cost to you.

If you would like to learn more about this matter, you are encouraged to contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.