Lawyers File $60 Billion Real Estate Commission Class-Action Lawsuit

Lawyers who won a $1.8 billion lawsuit against the National Association of Realtors have filed a new class-action lawsuit seeking class-action status for anyone in the U.S. who sold a home in the last five years. The lawsuit targets real estate broker commissions, with Americans taxed $60 billion in real-estate commissions. The original lawsuit was filed in 2019 on behalf of 500,000 home sellers in Missouri. The average real estate commission is 5.3%, according to Axios. The new lawsuit expands the scope to cover a broader group of home sellers in the U.S.