Real estate brokerage and referral site operator ZipRealty Inc. will pay $1.7 million to settle a class-action lawsuit filed by two real estate agents formerly employed by the company in Arizona. The settlement, which is subject to court approval, resolves the last class-action claim pending against the company related to its former compensation practices of employee real estate agents. ZipRealty began converting its California agents to independent contractor status in the latter half of 2010, and transitioned all of the firm's agents to independent contractors in January 2011. Former employee agents soon began filing class-action lawsuits against ZipRealty, alleging the company had failed to pay minimum and overtime wages as required by law. ZipRealty denied the allegations, say...
Jan 21, 2014 by Inman
Jan 20, 2014 by Inman