Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits
Time:2024-05-07 15:51:50 Source:entertainmentViews(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
- Xi Replies to Letter from Central Asian Students at China University of Petroleum
- Jazz beats Clippers 110
- Anonymous accounts use right
- Augsburg edges closer to European spot with 2
- Migratory birds seen in Qilihai wetland nature reserve in Tianjin
- Democrats Daniels and Figures stress experience ahead of next week's congressional runoff
- Jazz beats Clippers 110
- More history for Tiger Woods. He makes the Masters cut for a record 24th time in a row
- Autumn scenery in Changqing scenic area, Hebei