The independent, Ohio-based real estate brokerage will pay $895K to settle a lawsuit known as Keel for its lead plaintiff, bringing the total settlement fund for plaintiffs in the case to $11.5M
In addition to Side, the fast-moving case — known as Keel for its lead homeseller — names as defendants Washington Fine Properties, Seven Gables, Brooklyn New York MLS and others
Tanya Monestier says the settlement 'reinforces the existing system of seller-paid inflated compensation while pretending to eliminate it' as attorneys walk away with $333M in cash
Sellers in the Gibson class-action suit filed objections Thursday to the dollar value of the proposed settlements, which include deals with Compass, Redfin and The Real Brokerage, among others
Law professor estimates the plaintiffs' law firms are asking for only 3% of the total value of the deals when 'historic' business practice changes are taken into account
The franchisor and plaintiffs offered different reasons for why HomeServices has yet to finalize its commission settlement agreement after announcing it had reached one for $250M in April
Pennsylvania homeseller Spring Way Center is seeking to overturn the court approval of deals reached with Anywhere, Keller Williams and RE/MAX to resolve antitrust commission suits
They asked the court for more time to analyze the impact on their proposed settlement of NAR's proposed rule change banning the MLS display of commissions offered to buyer brokers
In a 5-minute video posted online Wednesday, NAR President Tracy Kasper urged Realtors to be transparent about commission negotiations as NAR gears up for a long legal battle ahead