The Seattle -based online brokerage and real estate services company disclosed the proposed settlement Monday in a regulatory filing with the Securities and Exchange Commission.
Seattle-based Redfin noted that it doesn’t expect the settlement, which must be approved by the court, to have a material impact on its future operations, adding it expects to record a $9.25 million pre-tax charge for the quarter ended March 31.Redfin is the latest big brokerage to agree to settlement terms in order to put an end to lawsuits related to the real estate industry’s broker compensation structure, following Re/Max, Keller Williams Realty, Compass and Anywhere Real Estate.
Lawsuits Courts Business U.S. Securities And Exchange Commission Seattle F National Association Of Realtors
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