Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits
Release time：2024-05-19 18:43:51 Source：Worldly Window news portal
Redfin has agreed to pay $9.25 million to settle federal lawsuits that claim U.S. homeowners were saddled with artificially inflated broker commissions when they sold their home as a result of longstanding real estate industry practices.
The online brokerage and real estate services company disclosed the proposed settlement Monday in a regulatory filing with the Securities and Exchange Commission.
The settlement, which Redfin agreed to Friday, would resolve pending class action lawsuits filed in federal court in the Western District of Missouri, and also shield the company, its subsidiaries and agents from similar cases around the country, according to the filing.
“Resolving this litigation now and removing uncertainty is in the best interest of the company, our employees, and our investors,” the company said in a statement Monday.
- Previous：Lawrence Wong sworn in as Singaporean Prime Minister
- Next：Revealed: Meghan and Prince Harry were flown around Nigeria for free with 'top
Related articles
- EU changes pace on migration and asylum policy
- Kirsten Dunst says she STILL gets a Christmas cake from Interview With The Vampire co
- Amazon ordered to pay $525million to tiny Chicago
- Person in serious condition after incident in Feilding
- Israel announces reopening of Kerem Shalom crossing with Gaza
- OJ Simpson dead at 76 after cancer battle: Football legend turned accused double
- The truth about trend of new mothers drinking their OWN breast milk
- Costco member spotted returning vintage item from 2002 under retailer's 'unlimited grace period'
- Bank of America trader, 25, dies suddenly 'of a cardiac arrest' during work event
- Afghan migrant on terror watch list spent a YEAR in the U.S. after he was released by Border Patrol
- China to initiate issuance of ultra
- The Talk CANCELLED! Daytime series to end with season 15
- 16,000 SQ FT home in Montana goes on sale for just $10
- Penny Lancaster, 53, showcases her endless legs in a thigh
- Residents forced out of Canada's oil sands hub by wildfire cleared to return, officials say
- Brunei's Prince Abdul Mateen
- Father of teen stabbed to death on Apple River by knife
- Facebook and Instagram down in apparent global outages
- Industrial scale of Sino
- Father of teen stabbed to death on Apple River by knife
Random recommendation
- Copyright © 2024 Powered by Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits ,Worldly Window news portal sitemap