Real joins several major players, including Anywhere Real Estate, RE/MAX, Keller Williams, Compass, and the National Association of Realtors, in reaching settlements in commissions lawsuits.
With sales exceeding $12 billion in 2022, Real was one of over 90 brokerages not covered by NAR’s settlement agreement. While Real could have pursued a streamlined settlement path outlined in the NAR agreement, the company ultimately chose mediation, resulting in the $9.25 million settlement.
“We are committed to continuing to invest in our platform to provide our agents with the tools, training and technology they need to deliver the best possible home buying and selling experience for their clients,” said Tamir Poleg, chairman and CEO of Real. “At the end of the day, we want to ensure that clients receive the best possible guidance when making one of the biggest financial decisions of their lives.”
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Source: mpamag.com