Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits
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.
Related articles
Kyle Larson and Denny Hamlin, the dominant NASCAR Cup Series drivers, could have a blooming rivalry
KANSAS CITY, Kan. (AP) — What is quickly becoming the best rivalry in NASCAR evidently has at least2024-05-07With Ice, Snow, Hospitality, Harbin Becomes Brightest Star of Tourism in China
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-07Are Americans feeling like they get enough sleep? Dream on, a new Gallup poll says
NEW YORK (AP) — If you’re feeling — YAWN — sleepy or tired while you read this and wish you could ge2024-05-07People Across China Have Family Reunion Dinners on Chinese Lunar New Year's Eve
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-07Chicago Sky rookie Kamilla Cardoso out at least a month with a shoulder injury
CHICAGO (AP) — Chicago Sky rookie Kamilla Cardoso will be sidelined for at least a month with a shou2024-05-07Festive Events Highlight New Year Celebrations in Macao
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-07
atest comment