Compass agrees to pay $57.5 million, make policy changes to settle real estate commission lawsuits [Financial Post (Toronto, Ontario, Canada)]
Compass, Inc. Class A (COMP)
Company Research
Source: Financial Post
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. The New York-based company also agreed to change its business practices to ensure clients can more easily understand how brokers and agents are compensated for their services, according to the filing with the Securities and Exchange Commission. Article content Article content Among the policy changes Compass agreed to make, the company will require that its brokerages and their agents clearly disclose to clients that commissions are negotiable and not set by law, and that the services of agents who represent homebuyers are not free. It also agreed to require that its agents who represent homebuyers disclose right away any offer of compensation by the broker representing a seller. The terms of the settlement must be approved by the court. Compass follows several big real estate b
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- NAR settlement can have a $517M price tag for Compass Inc., study says [Seeking Alpha]Seeking Alpha
- Compass Faces $517 Million Risk From Realtors' Legal Settlement [BNN Bloomberg (Canada)]BNN Bloomberg
- Citrone's Top 15 Stock Picks [Yahoo! Finance]Yahoo! Finance
COMP
Earnings
- 2/27/24 - In-Line
COMP
Sec Filings
- 4/18/24 - Form D
- 4/18/24 - Form DEFA14A
- 4/18/24 - Form DEF
- COMP's page on the SEC website