Amid sweeping commission changes and the push for greater transparency in real estate, rules around referral fees remain elusive, compliance expert Summer Goralik writes for Inman.
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The independent, Ohio-based brokerage will pay $895,000 to settle a lawsuit known as Keel after its lead plaintiff, bringing the total settlement fund for plaintiffs in the case to $11.5 million.
The first Altadena property destroyed by the Eaton Fire in January has officially sold, just days after hitting the market. A Palisades lot also sold. The LA-area wildfires, which destroyed over 16,000 structures, left homeowners with daunting expenses and the choice to either rebuild with insurance money — which could fall far short of what…
Midwest-based independent brokerage Sibcy Cline is the latest firm to settle the commission lawsuits. On Friday, the plaintiffs in the Keel suit filed a motion for preliminary approval of a settlement reached with Sibcy Cline. This filing came just one day after the plaintiffs filed an amended complaint adding Sibcy Cline as a defendant. Despite…