RE/MAX $55M Settles: "no longer forcing homesellers to pay buyer's agents"19079
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 WGAN ForumFounder & WGAN-TV Podcast Host Atlanta, Georgia |
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| Inman (18 September 2023) RE/MAX settles bombshell commission lawsuits for $55M | The deal resolves claims in both the Sitzer and Moehrl antitrust cases. The franchisor agreed to change its business practices, including 'no longer forcing homesellers to pay buyer’s agents' The deal resolves claims in both the Sitzer and Moehrl antitrust cases. The franchisor agreed to change its business practices, including “no longer forcing homesellers to pay buyer’s agents.” Source: Inman -- MarketWatch (18 September 2023) Re/Max to Pay $55 Million to Settle Buyer-Broker Commission Class Actions --- The Real Deal (18 September 2023) RE/MAX paying $55M to settle brokerage commission lawsuits | Brokerage also agrees to change its business practices RE/MAX will cough up an eight-figure sum to extricate itself from two class-action lawsuits over agent commission payments. The company agreed on Friday to pay $55 million to settle the claims filed in Kansas City and Chicago, according to a document filed with the Securities and Exchange Commission. If approved by the judges in each case, the settlement would remove RE/MAX from the landmark lawsuits without holding the company responsible for claims outlined in them. The lawsuits, known as Sitzer/Burnett and Christopher Moehrl, allege the brokerages violated the Sherman Antitrust Act by colluding with the National Association of Realtors to inflate commissions paid by home sellers. Source: The Real Deal |
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WGAN Forum Founder & WGAN-TV Podcast Host Atlanta, Georgia |
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| CoStar (18 September 2023) RE/MAX Offers $55 Million Settlement in Lawsuits Regarding Residential Agent Commissions | Class-Action Suits, Also Naming National Association of Realtors, Could Change How US Homes Are Sold |
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