Some members of the National Association of Realtors (NAR) are facing class action lawsuits. Some have already settled.
- Downside of Dual Agency.
- Double-siding the commission.
- Where did that 6% commission rate come from?
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Sherri Lilienfeld of EXP Realty.
Margate. Ventnor. Longport. Brigantine. Lower Chelsea.
Breaking News: Another settlement. The dominoes are beginning to fall.
An important milestone has been reached as RE/MAX becomes the second real estate franchisor to reach a settlement in two lawsuits that could reshape the way consumers compensate agents.
Under the terms of this settlement, RE/MAX has agreed to pay $55 million, alongside making strategic adjustments to its business practices.
On Mon Sept. 18, RE/MAX and plaintiffs involved in the Sitzer/Burnett lawsuit, (scheduled for trial on Oct 16) informed the court about a comprehensive settlement reached by the parties involved.