Redfin settles federal lawsuits for $9.25m over inflated broker commissions.
Redfin agrees to pay $9.25m to settle federal lawsuits claiming US homeowners faced inflated broker commissions due to real estate industry practices. The settlement will resolve pending class action lawsuits filed in federal court in the Western District of Missouri and shield the company from similar cases. Redfin expects the settlement to not have a significant impact on future operations.
May 06, 2024
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