Exploring recent trends in digital originations for mortgage lenders, highlighting the role of fintech and AI in reshaping the lending process.
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RE/MAX has agreed to pay $55 million to resolve a pair of class-action lawsuits claiming that the brokerage colluded with the National Association of Realtors to inflate agent commissions, according to a regulatory filing. So reports The Real Deal.
The company denies the claims in the lawsuits and said in a statement that the settlement comes “after carefully considering the significant risks and costs associated with continued litigation.”
The settlements still require approval from the judges in the cases, filed in Kansas City and Chicago.
