Industry expertise provided to home seller class in real estate antitrust trial, Burnett v NAR et al

Keystone supported University of Notre Dame Professor Roger Alford in his testimony on behalf of home seller plaintiffs in an antitrust trial in Kansas City, Missouri. Professor Alford analyzed the effect of a rule that requires a home seller to pay the agent representing the buyer in residential real estate transactions. A federal jury found the National Association of Realtors and co-defendant corporate brokerages conspired to follow and enforce the rule with the purpose or effect of raising, inflating, or stabilizing real estate commission rates paid by home sellers. The jury awarded more than $1.78 billion in damages to the plaintiff class of approximately 500,000 Missouri home sellers.

The Keystone team supporting Professor Alford was led by Jennifer Redmond with Shelby Kuhn and Chiara Lommer. Keystone worked closely with trial attorneys Michael Ketchmark, Brandon Boulware, Scott McCreight, Jeremy Suhr and Eric Dirks, from Ketchmark and McCreight, P.C., Boulware Law, and Williams Dirks Dameron, LLC.

Read more:

Jury Finds Realtors Conspired to Keep Commissions High” October 31, 2023

Home Sellers Win $1.8 Billion After Jury Finds Conspiracy Among Realtors