EXp and Weichert will pay a combined $42.5M into a commission settlement fund
In less than half an hour total, Judge Stephen R. Bough signed off on settlements in the Gibson and Keel antitrust cases
The company handling notifications has sent out more than 100M emails notifying homesellers about the settlements — and is charging more than $32M for its services
The companies settled in a case known as Hooper. Their settlements have been the subject of months of legal wrangling over allegations that they shopped around for the best deal
A new Redfin report indicates that most consumers are still willing to pay for their real estate agents and that last year's NAR rules have had minimal impacts on agent pay
The trade group has replaced Cooley with Quinn Emanuel Urquhart & Sullivan in the Moehrl and Gibson cases, a law firm that has represented NAR for years in other antitrust cases
Firm joins fellow defendants Hanna Holdings and Berkshire Hathaway Energy in arguing that Judge Stephen R. Bough's Missouri court is not the appropriate venue for the commission case
Bough suggested demands that he step aside in the Gibson commission case were not raised over ethical issues. The demands focused on political donations to Bough's wife
Meanwhile, EXIT Realty reaches a proposed settlement with the homeseller plaintiffs in the case
Both BHE and Howard Hanna are trying to get the case moved to their respective stomping grounds while also continuing to fight for Judge Stephen R. Bough's recusal
The judge presiding over the Hooper suit emphasized that Gibson plaintiffs will be able to object to the proposed settlements through the court's approval process
Undisclosed political donations to Judge Stephen Bough’s wife called a disqualifying conflict of interest in a commission case known as Gibson. Plaintiffs' attorneys push back against the claim
Real estate companies eXp and Weichert will have to offer representatives who are best able to testify regarding settlement negotiations in the separate, but similar, Hooper commission suit
As the brokerages try to fend off allegations of a 'sweetheart deal' in a separate case, they respond to the antitrust complaint they're facing in a Missouri court
Despite its ranking as the 31st largest brokerage in the T3 Sixty Real Estate Almanac for more than $7B in sales volume in 2022, Crye-Leike says Gibson suit shouldn't be allowed to proceed