FILE - A new housing development is seen from above, Oct. 12, 2022, in Middlesex Township, Pa. Real estate brokerage company Compass Inc. will pay $57.5 million as part of a proposed settlement to resolve lawsuits over real estate commissions, the company said in a regulatory filing Friday, March 22, 2024. Real estate brokerage company Compass Inc. will pay $57.
The central claim put forth in the lawsuits is that the country’s biggest real estate brokerages have been engaging in business practices that unfairly force homeowners to pay artificially inflated agent commissions when they sell their home. NAR also agreed to several policy changes, including prohibiting brokers who list a home for sale on any of the databases affiliated with the NAR from including offers of compensation for a buyer’s agent.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ultra-luxury real estate transactions in Boston up 200pc: CompassDespite the overall market's 15.26 percent sales decrease in 2023, new regions are emerging as premium home-buying destinations according to an annual report.
Source: LuxuryDaily - 🏆 325. / 59 Read more »
UTSA Athletics department planning new sports training facilitiesUTSA plans to spend an estimated $57 million on new sports facilities at the Park West and other capital projects for the athletics program.
Source: SAReport - 🏆 252. / 63 Read more »
Compass Box’s New Scotch Aims to Recreate a Cult Whisky From the 1960sCompass Box is releasing Celestial, a blended scotch meant to recreate a cult favorite whisky from the 1950s
Source: RobbReport - 🏆 309. / 63 Read more »
“Odd new ‘crypto blend’ from Compass Coffee?”'Dear PoPville, I was at Compass and it now, for some reason, has a tie to Coinbase and hawks a 'crypto blend' complete with 'nutrition facts' about crypto. Just so unusual...'
Source: PoPville - 🏆 435. / 53 Read more »
Downtown Cleveland Inc. Receives $100,000 for Public Square DevelopmentDowntown Cleveland Inc. has been awarded $100,000 to continue developing Public Square into a vibrant space for events, visitors, and residents. This comes as DCI is preparing for the “boom” of people to soon follow when Sherwin Williams opens its new headquarters in Public Square.
Source: WEWS - 🏆 323. / 59 Read more »
Ohio City Inc., Placing Bet on Local Retail, Buys City GoodsThe seven U-shaped, silver hangers at 1442 West 28th Street aren't going anywhere, but they are changing hands. This week, Ohio City Inc. finalized a deal to purchase City Goods, the cluster of 30 small businesses selling everything from organic skincare products to hanging plants and vinyl records.
Source: ClevelandScene - 🏆 383. / 55 Read more »