An attorney for the Sitzer/Burnett homeseller plaintiffs calls the change a 'stunning admission of guilt' on the eve of a class-action trial set to start Oct. 16
This week on The Download: How are you adding value to your buyer-side UVP now that RE/MAX has folded on its part of the bombshell commission lawsuits?
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 company agreed to resolve the claims against it for $83.5M. Exact terms will be revealed when the plaintiffs ask the court to approve the deal, but an attorney for the plaintiffs says the franchisor is the first of the defendants to agree to 'change its practices'
The ruling against HomeServices of America in federal court on Wednesday sets the stage for a likely Oct. 16 start for the first of 2 highly anticipated bombshell commission trials later this year
Judge denied requests filed by NAR, Anywhere, Keller Williams, RE/MAX and HomeServices of America, allowing Sitzer/Burnett case to continue toward new October trial date
The Sitzer/Burnett trial has been delayed until after a higher court rules on an appeal from HomeServices of America