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In November, a federal judge approved a $2.38 million settlement in the antitrust case involving Pittsburgh-based West Penn Multi-List Inc. The listing service denies the allegation that it blocked lower-priced brokers from participating in its service, but has agreed to pay to settle the lawsuit, according the Pittsburgh Tribune-Review.
The suit, filed in April 2010 by homeowner Thomas L. Logue, claimed the listing service restricted competition among real estate brokers. Consequently, Logue claims he paid more than he should have for brokerage services in 2006, when he sold his home.
More than $1 million of the settlement money will go to claimants who used a real estate agent from one of four discount, or flat-fee, brokerages between Feb. 13, 2005, and Feb. 13, 2009. The claimants will receive an amount based on how much they paid in real estate commissions, according to the Tribune. The remainder of the settlement will pay legal fees.
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