The company’s request to pause one case while cutting a deal in another was just denied. The denial highlights a controversy over a settlement method known as a “reverse auction.” Continue reading
James Mullis has appealed the final approval of settlements totaling $110 million — a move that suggests the battle over how agents practice and get paid is far from over. Continue reading
The National Association of Realtors settlement became the inciting incident for the most disruptive year for real estate in living memory. A judge is now expected to approve the deal Tuesday afternoon. Continue reading
Weichert has reached a settlement in a case known as Hooper, according to new court documents. EXp’s settlement in that case sparked pushback from plaintiffs in a different lawsuit. Continue reading
The virtual brokerage argued Tuesday that it’s settlement wasn’t too small, and asked a court to reject attempts to force it back to the negotiating table. Continue reading
NextHome, the Keyes Company, John L. Scott Real Estate and the K Company Realty have agreed to pay a combined total of nearly $5 million. Continue reading
Judge Stephen R. Bough, who ruled on Sitzer | Burnett, said Gibson deals “provide a significant financial recovery to the Settlement Class in light of the strengths and weaknesses of the case.” Continue reading
Lawyers filed motions Tuesday arguing eXp’s decision to come to a settlement in the commission lawsuit through a “reverse auction” should compel the brokerage to return to the bargaining table. Continue reading
Sellers in the Gibson class-action suit filed objections Thursday to the dollar value of the proposed settlements, which include deals with Compass, Redfin and The Real Brokerage, among others. Continue reading
Law professor estimates the plaintiffs’ law firms are asking for only 3 percent of the total value of the deals when ‘historic’ business practice changes are taken into account. Continue reading