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One class action lawsuit seeks $250 million in damages, and another asks the court to issue a preliminary injunction to prevent Keller Williams from distributing a share of profits.
Credit: Compass
The news comes a week after NAR announced a massive $418 million settlement. As part of the settlement, Compass also agreed to make some minor changes to its business practices.
Robby Braun, partner at Cohen Milstein Sellers & Toll, spoke of “misconceptions” about the impact of NAR transactions and said real estate agents who try to ignore the changes “will be left behind.”
In the wake of NAR’s huge commission lawsuit settlement and Compass’ new lawsuit settlement, real estate professionals are responding.
Premier Sotheby’s International Realty President and CEO Budge Huskey corrected commission records and the potential impact of the NAR settlement on buyers, sellers and agents.
