Judge approves $39 million Property I.D. settlement

A judge has granted final approval of a $39.3 million settlement in a class-action lawsuit that alleged real estate brokers recieved kickbacks for referring clients to Property I.D. Corp., a company that produces natural hazard disclosure reports.

More than 300,000 Californians who bought natural hazard disclosure reports from Property I.D. when they listed their homes with Coldwell Banker, Prudential California Realty, RE/MAX, Century 21 or ERA Real Estate between 1996 and 2006 could be eligible for full refunds.

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