Burnett Objectors Protest Settlement Amount, Inclusion of Homebuyer Claims — RISMedia

The Eighth Circuit Court of Appeals in Kansas City, Missouri, heard oral arguments in the Sitzer-Burnett settlement appeal on Jan. 14, with attorneys representing objectors as well as defendants debating the validity of the settlement amount and its effectiveness in addressing homebuyer claims.

Nearly two years after the landmark March 2024 settlement—where the National Association of Realtors® (NAR) agreed to sweeping rule changes and $418 million in damages, and brokerage defendants reached collective settlements well into the hundreds of millions—the case continues to face legal scrutiny over whether the nationwide agreement adequately reflects the $1.78 billion jury verdict (with treble damages of more than $5 billion) reached in October 2023,…