Re/Max Holdings (RMAX) has issued an announcement.
RE/MAX has received final approval from the Missouri District Court for a Settlement Agreement resolving claims related to home sales commissions across the US. This agreement, which includes a $55 million settlement fund to be paid by RE/MAX, addresses class action lawsuits alleging overpaid commissions. While not an admission of liability, RE/MAX has agreed to certain business practice changes, expecting no significant impact on its financial operations from the terms of the settlement.
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