Judge approves $110M settlements for Compass, Redfin, and seven other brokerages in the Gibson/Umpa commission lawsuit, marking one year since the Sitzer/Burnett verdict.
Judge Stephen R Bough granted final approval for settlements in commission lawsuits for Keller Williams, Anywhere and RE/MAX on May 9, 2024.
In an order released on Tuesday, April 23, Judge Stephen R. Bough granted preliminary approval of the NAR settlement, describing the sweeping changes in the agreement as “fair, reasonable, and adequate.” A final approval hearing is set for November.
The U.S. Supreme Court ruled has rejected the plea by HomeServices of America to overturn the Sitzer/Burnett verdict, leaving HSofA as the only defendant that hasn’t reached a settlement with the plaintiffs.
This week on The Real Word, Notorious ROB joined Byron Lazine to discuss the HousingWire debate between Michael Ketchmark and Anthony Lamacchia.
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