ALEX VEIGA | starherald.net • The Star-Herald • Kosciusko, Mississippi

Home

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. (AP Photo/Gene J. Puskar, File)

AP
free content

Compass agrees to pay $57.5 million, make policy changes to settle real estate commission lawsuits
By ALEX VEIGA - AP Business Writer
Fri,03/22/24-1:53PM , 430 Reads
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.
Click Here to Read More

A sale sign stands outside a home in Wyndmoor, Pa., Wednesday, June 22, 2022. The National Association of Realtors has agreed on Friday, March 15, 2024, to pay $418 million and change its rules to settle lawsuits claiming homeowners have been unfairly forced to pay artificially inflated agent commissions when they sold their home. (AP Photo/Matt Rourke, File)

AP
free content

Real estate lawsuit settlement upends decadeslong policies that helped set agent commissions
By ALEX VEIGA - AP Business Writer
Fri,03/15/24-11:31AM , 92 Reads
A powerful real estate trade group has agreed to do away with policies that for decades helped set agent commissions, moving to resolve lawsuits that claim the rules have forced people to pay artificially inflated costs to sell their homes.
Click Here to Read More

In a Feb. 16, 2012 photo, an existing home is seen for sale in Shaker Heights, Ohio. More homeowners eager to sell their home are lowering their initial asking price in a bid to entice prospective buyers as the spring homebuying season gets going. Some 14.6% of U.S. homes listed for sale last month had their price lowered, according to Realtor.com. That’s up from 13.2% a year earlier, the first annual increase since May, 2023. (AP Photo/Amy Sancetta, file)

AP
premium content - for subscribers only
Click to subscribe

Home sellers are cutting list prices as spring buying season starts with higher mortgage rates
By ALEX VEIGA - AP Business Writer
Thu,03/14/24-1:26PM , 93 Reads
LOS ANGELES (AP) — More homeowners eager to sell their home are lowering their initial asking price in a bid to entice prospective buyers as the spring homebuying season gets going.
Click Here to Read More

A sale sign stands outside a home in Wyndmoor, Pa., June 22, 2022. One of the nation's largest real estate brokerages has agreed Thursday, Feb. 1, 2024, to pay $70 million as part of a proposed settlement to resolve more than a dozen lawsuits across the country over agent commissions. (AP Photo/Matt Rourke, File)

AP
premium content - for subscribers only
Click to subscribe

Keller Williams agrees to pay $70 million to settle real estate agent commission lawsuits nationwide
By ALEX VEIGA - AP Business Writer
Thu,02/01/24-6:03PM , 330 Reads
LOS ANGELES (AP) — One of the nation's largest real estate brokerages has agreed to pay $70 million as part of a proposed settlement to resolve more than a dozen lawsuits across the country over agent commissions.
Click Here to Read More

Subscribe to ALEX VEIGA