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Redfin is the latest big brokerage to agree to settlement terms. All told, the industry has now agreed to pay more than $950 million to make the lawsuits go away.
The settlement would shield the company, its subsidiaries, and agents from similar commission cases around the country.
Redfin has agreed to pay $9.25 million to settle federal lawsuits that claim U.S. homeowners were saddled with artificially inflated broker commissions when they sold their homes, as a result of longstanding real estate industry practices.
Federal lawsuits claimed homeowners were saddled with artificially inflated broker commissions when they sold their home as a result of longstanding real estate industry practices.
The Seattle-based online brokerage and real estate services company disclosed the proposed settlement on Monday.