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Property ID Class Action Settled for $39 Million

This is a settlement for the Antitrust lawsuit.

The class action settlement against Property ID Corp has been settled for $39.3 million. The lawsuit alleged that real estate brokers received kick backs for referring clients to the company. Property ID produces natural hazard disclosure reports.

More than 300,000 Californians who listed their homes for sale, between 1996 and 2006, with Coldwell Banker, Prudential California Realty, RE/MAX, Century 21 or ERA Real Estate purchased reports from Property ID.

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Published on Feb-17-09


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