Real Brokerage Inc. (REAX) has released an update.
Real Brokerage Inc. has announced a settlement in a class action lawsuit, committing to a $9.25 million payment and business practice changes, without admitting liability. The settlement, which is to be paid into a fund within 30 days pending court approval, is not expected to materially affect the company’s operations. The adjustments to Real’s business practices aim to clarify commission negotiations and improve transparency in client communications.
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