Illinois resident Kevin Cwynar's class-action case alleges the brokers and NAR rules have caused potentially hundreds of thousands of homebuyers to pay up to thousands of dollars in excess commissions
McKernan's prior roles include senior financial policy advisor for Sen. Bob Corker and posts with the Senate Committee on Banking, Housing, and Urban Affairs and the US Treasury
15 MLSs and 13 brokerages that chose to opt-in to NAR's commission settlement will cough up an additional $30,587,754 in compensation to sellers, raising the settlement fund to nearly $450M
The institutional investor now owns 15% of RE/MAX Holdings, equaling 2,559,945 shares of its stock