EXp and Weichert will pay a combined $42.5M into a commission settlement fund
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
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
Court probes 'reverse auction' allegations while plaintiffs seek preliminary approval of deals with eXp Realty, Weichert, Mark Spain Real Estate and Atlanta Communities Real Estate
The company's request to pause one case while cutting a deal in another was just denied. The denial highlights a controversy over a settlement method known as a 'reverse auction'
A judge has denied the brokerage's request for a stay in the Gibson case, saying a tactic the company is accused of using to settle a different suit involves a 'collusive element'
Weichert has reached a settlement in a case known as Hooper, according to new court documents. EXp's settlement in that case sparked pushback from plaintiffs in a different lawsuit
The virtual brokerage argued Tuesday that its settlement wasn't too small, and asked a court to reject attempts to force it back to the negotiating table