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Estimated damages in Batton commission lawsuit come in at over $10 billion
['Brooklee Han']
HousingWire
In her report, Abrantes-Metz compared the commissions buyers paid to their agents to buyer’s agent commission in comparable foreign markets.
This is expected to balloon into the tens of billions of dollars for the entire proposed class.
Her calculations show that at least 24% to 28% the proposed class did not sell a home during the Batton class period.
Still these estimated damages are much higher than the $1.78 billion in damages awarded in the Sitzer/Burnett home seller commission lawsuit.
In total, the proposed class would include millions of buyers in 23 states and Washington, D.C.