Judge Stephen R. Bough gave his final approval today to settlement agreements struck by big brokerages in class-action commission lawsuits, granting broad immunity from claims by sellers that these companies conspired on rules that inflated real estate compensation at the expense of consumers. The ruling does not include a settlement struck by the National Association…
HomeServices of America, the last (and largest) of the original four brokerages targeted by class-action, commission-focused lawsuits, today announced it has settled claims that the company conspired on rules to inflate real estate compensation, joining more than a half-dozen other large brokerages—as well as the National Association of REALTORS® (NAR)—in choosing to pay and change…
HomeServices, as the last remaining defendant still fighting the two oldest and most advanced commission lawsuits, will likely have an outsized say in the timing of a potential trial—and appears to have settled on a date. According to a filing in federal court on Monday, March 25, the company is aiming for a trial starting…
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