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Weichert South Jersey, Inc. (d/b/a Wiechert Realty) has reached a class action lawsuit settlement for unlawfully charging administrative fees in connection with residential real estate sales in New Jersey. As a result, anyone who sold residential real estate in New Jersey between 2005 and 2011 and was charged an administrative fee by Weichert can receive a portion of the class action settlement.
Weichert Realtors Administrative Fee Class Action Settlement
By Mike Holter
Weichert South Jersey, Inc. (d/b/a Wiechert Realty) has reached a class action lawsuit settlement for unlawfully charging administrative fees in connection with residential real estate sales in New Jersey. As a result, anyone who sold residential real estate in New Jersey between 2005 and 2011 and was charged an administrative fee by Weichert can receive a portion of the class action settlement.The Weichert Realty class action settlement will resolve a class action lawsuit, entitled Blasini v. Weichert South Jersey, Inc., that alleges Weichert collected administrative fees at real estate closing from consumers in violation of New Jersey Law, because the provided no separate services for the fees. Weichert denies the claims but has agreed to settle the litigation for $525,000.
You’re considered a Class Member of the Weichert Realty settlement if you sold residential real estate in New Jersey between February 25, 2005 and April 1, 2011 and you paid an administrative fee to Weichert relating to the sale of your property. You can determine if you’re a Class Member by reviewing your closing documents, and specifically your HUD-1 Form (commonly referred to as a settlement sheet) at line 700-704.
Under the Weichert administrative fee settlement, Class Members who submit a valid claim form and documentation showing that they paid Weichert an administrative fee between February 25, 2005 and April 1, 2011 will be entitled to recover the amount of one-third of the administrative fee they paid.
If you wish to participate in the Weichert Realty administrative fee class action settlement, you must complete and submit your claim form and supporting documentation on or before September 2, 2011.
You can find claim forms and more information on your rights in under the Weichert Realty Administrative Fee Class Action Lawsuit Settlement at www.AdminFeeClassAction.com.
Updated July 11th, 2011
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