Housing Changes...

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SETTLEMENT SPOTLIGHT
🏡 Housing Changes…

We’re not just talking about kids heading off to college...

If you’ve been following along, you knew this housing change was coming. But for those of you who are new here, as of Saturday (Aug 17), the rules for buying a home have shifted. Here’s the quick breakdown:

Background: This shake-up started with a class-action settlement involving the National Association of Realtors (NAR), totaling $980 million. The goal? Make buying and selling homes less complicated and costly (see our past article).

New Reality: The days of sellers covering the 5%–6% agent fee are over. On a $400,000 home, that used to be ~$24,000 out of the seller's pocket.

What’s Changed: Now, buyers must sign a contract with their agent before seeing a house, and negotiating the agent’s fee is up to you. (Or, you could go rogue... but that’s not our hot take.)

Looking Ahead: Consumer groups have your back with draft templates to help you navigate negotiations. Check them out here!

🛜 On Our Radar: If you sold a property in the last 5 years, you might be entitled to a share of that $980 million. We’re working hard to get our claim filing form ready, making the claim process as easy as humanly possible for you. 

🚨 Stay tuned for a big announcement when it’s ready!

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OTHER SH*T TO FILE FOR
🗃️ The Case Docket

Check out what cases are paying out settlements:

🏥 Atlantic General: $2.25M (8/22/24 - today!) - Involved in AG’s data breach? You could get up to $5K for documented related expenses.

🚘 Kia/Hyundai Vehicle Theft: $145M (1/11/25) - Your vehicle(s) could have had design flaws that left it vulnerable to theft…

💳 Visa Mastercard Interchange Fees: $5.54B (2/4/25) - Business owners could get serious funds back from transaction fees paid between 2004-2019.

🏘️ Real Estate Commissions: $980M (5/9/25) - Sold your house between 2017-2024? Get back commission money you may have overpaid.

This is by no means an exhaustive list. We’ll keep you posted for anything else that comes up (or becomes available) along the way!