RE/MAX Settles Class-Action Lawsuits Over Agent Commission Payments
- RE/MAX agrees to pay $55 million to settle two class-action lawsuits
- Lawsuits filed in Kansas City and Chicago
- Claims revolve around agent commission payments
- Settlement pending approval by judges in each case
RE/MAX’s decision to settle the class-action lawsuits for a substantial sum of $55 million highlights the ongoing scrutiny and potential legal challenges faced by real estate companies regarding agent commission payments. The cases, filed in Kansas City and Chicago, serve as a reminder for the industry to ensure transparency and fairness in their practices. As the settlement awaits approval, it will be interesting to see how this development impacts the residential real estate market and whether it leads to changes in commission structures.
Orginal article: Link To Article – provided by Kansas City Realtors