Announced by CPT Group, Inc.

IRVINE, Calif., July 22, 2025 /PRNewswire/ -- CPT Group, Inc., announces proposed Settlements have been reached in a lawsuit known as 1925 Hooper LLC et al. v. The National Association of Realtors et al., Case No. 1:23-cv-05392-MHC, United States District Court for the Northern District of Georgia.

What is this about? These Settlements resolve claims against the following defendants in a lawsuit that alleges the existence of an anticompetitive agreement that resulted in home sellers paying inflated commissions to real estate brokers or agents in violation of antitrust law: Higher Tech Realty d/b/a Mark Spain Real Estate ("Higher Tech"); eXp World Holdings, Inc. ("eXp"); Weichert of North America, Inc. ("Weichert"); and Atlanta Communities Real Estate Brokerage, LLC ("Atlanta Communities"); and related entities and affiliates as defined in the Settlement Agreements.

Who is affected? To be eligible to receive the benefits of the Settlements, you must have: (1) sold a home during the Eligible Date Range of October 31, 2019 through July 22, 2025; (2) listed the home that was sold on a multiple listing service anywhere in the United States; and (3) paid a commission to a real estate brokerage in connection with the sale of the home.

What do the Settlements provide? The Defendants named above have agreed to pay, collectively, $44.05 million into a settlement fund. The funds will be distributed to qualifying Settlement Class Members who submit an approved claim form, after any awarded attorneys' fees, expenses and settlement administration costs have been deducted.

How do I get a payment? You must submit a claim form, with information pertaining to and/or evidence of your home sale and commissions paid, either online or via U.S. Mail by September 20, 2025. Claim forms are available for download and online submission at www.NationwideRealEstateCommissionSettlement.com.

What are my other options? You can do nothing, exclude yourself, or object to the Settlement.

Do Nothing: If you do nothing You will not receive Settlement benefits, but you will still be bound by the Settlement.

Exclude Yourself: If you exclude yourself, you will receive no Settlement benefits, but you will keep your right to sue or continue to sue the Defendants in this case. Requests for Exclusion ("Opt-Outs") must be sent to the Settlement Administrator no later than September 20, 2025.

Object: If you do not exclude yourself from the Settlement, you may submit an objection stating why you do not like the Settlement. To object, you must provide timely written notice of your objection to the Settlement Administrator as provided below no later than September 20, 2025.

For more information, including how to object or exclude yourself, visit www.NationwideRealEstateCommissionSettlement.com.

What happens next? The Court will hold a hearing on October 28, 2025, at 10:00 a.m. before Judge Mark H. Cohen at the United States District Court for the Northern District of Georgia. The Court will hear any objections, determine if the Settlement is fair, and consider Class Counsel's request for fees and costs.

How do I get more information? This Notice is only a summary. To learn more, visit www.NationwideRealEstateCommissionSettlement.com, call toll-free 1-888-317-3086, email NationwideRealEstateCommissionSettlement@cptgroup.com or write 1925 Hooper LLC et al. v. The National Association of Realtors et al., c/o CPT Group, Inc., 50 Corporate Park, Irvine, CA 92606.

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SOURCE CPT Group, Inc.