Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits
Time:2024-05-07 17:44:41 Source:businessViews(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.
Previous:The UN says there's 'full
Next:They shared a name — but not a future. How two kids fought to escape poverty in Baltimore
You may also like
- China extends more inclusive loans to small businesses
- China to Ensure Women Employees' Rights, Interests
- Medical Team from Guangdong Provides Home Services in Tibet
- Nanwenying Community Improves Community Public Service System in Xiong'an New Area, N China
- Suspect in custody after video recorded him appearing to steal a police vehicle amid gunfire
- People Visit Guangyang Isle for Ecological Education Tour in SW China's Chongqing
- Policy Seeks to Improve Students' Science Literacy
- Seeing Anxiety Philosophically
- Call it Cognac diplomacy. France offered China’s Xi a special drink, in a wink at their trade spat