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RE/MAX Settles Commission Lawsuits for $55M

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.

remaxThe 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.

Read the full article from The Real Deal.

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