Skip to Content
AP-National

Compass agrees to pay $57.5 million, make policy changes to settle real estate commission lawsuits

By
Published 1:53 PM

By ALEX VEIGA
AP Business Writer

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 New York-based company also agreed to change its business practices to ensure clients can more clearly understand how brokers and agents are compensated for their services. That’s according to a filing Friday with the Securities and Exchange Commission. Compass follows several big real estate brokerages and the National Association of Realtors in agreeing to settle federal lawsuits brought on behalf of home sellers across the country who claim real estate industry practices unfairly force homeowners to pay artificially inflated agent commissions.

Article Topic Follows: AP-National

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content