Real Brokerage Gets Court Approval for $9.3M Settlement of Class Action Lawsuit

Dow Jones

2024-11-01

By Sabela Ojea

Real Brokerage received court approval for its $9.3 million settlement to resolve a nationwide class action lawsuit in connection with to its business practices and real estate agents.

The company said on Thursday it doesn't expect the terms of the agreement to have a material effect on its future operations.

When Real first disclosed the settlement in April it agreed to implement changes to its business practices.

The company said it would clarify the negotiability of commission, prohibitions on claims that buyer agent services are free, and the inclusion of listing broker compensation offers in communications with clients.

Real also said it would develop training materials to support its practice changes.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

October 31, 2024 18:20 ET (22:20 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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@sabelaojeaguix \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 31, 2024 18:20 ET (22:20 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Real Brokerage Gets Court Approval for $9.3M Settlement of Class Action Lawsuit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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@sabelaojeaguix \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 31, 2024 18:20 ET (22:20 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"REAX","symbol_name":"The Real Brokerage Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2480951040","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480951040","pubTimestamp":1730413200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Real Brokerage received court approval for its $9.3 million settlement to resolve a nationwide class action lawsuit in connection with to its business practices and real estate agents.The company said on Thursday it doesn't expect the terms of the agreement to have a material effect on its future operations.When Real first disclosed the settlement in April it agreed to implement changes to its business practices.The company said it would clarify the negotiability of commission, prohibitions on claims that buyer agent services are free, and the inclusion of listing broker compensation offers in communications with clients.Real also said it would develop training materials to support its practice changes.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"REAX":"The Real Brokerage Inc","BK4079":"房地产服务"},"translate_title":"Real Brokerage获得法院批准以930万美元和解集体诉讼","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"REAX":0.9},"content_text":"By Sabela Ojea \n\n\n \n\n\n  Real Brokerage received court approval for its $9.3 million settlement to resolve a nationwide class action lawsuit in connection with to its business practices and real estate agents. \n\n\n  The company said on Thursday it doesn't expect the terms of the agreement to have a material effect on its future operations. \n\n\n  When Real first disclosed the settlement in April it agreed to implement changes to its business practices. \n\n\n  The company said it would clarify the negotiability of commission, prohibitions on claims that buyer agent services are free, and the inclusion of listing broker compensation offers in communications with clients. \n\n\n  Real also said it would develop training materials to support its practice changes. \n\n\n \n\n\n  Write to Sabela Ojea at sabela.ojea@wsj.com; 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