Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits
Time:2024-05-07 19:36:54 Source:healthViews(143)
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.
You may also like
- Russian Scholars Say Xi Jinping's Economic Thought Offers Wisdom to Global Development
- Will Stonehenge lose its Unesco World Heritage status?
- Prisoner and corrections officers take refuge in van after shots fired
- Crash snarls Auckland Harbour Bridge traffic
- Xi Focus: Xi Inspects Xiong'an New Area, Urges New Progress for 'City of Future'
- New York appeals court rejects Donald Trump’s third request to delay Monday's hush money trial
- Teenager targeted, run over multiple times, police say
- Compromised stopbanks pose ongoing risk for Spring Creek residents
- Beautiful scenery of Mount Taishan, E China