A judge on Thursday gave final approval to settlements for Anywhere Real Estate, Keller Williams and RE/MAX in the Sitzer-Burnett commissions lawsuit in Missouri.
RE/MAX ($55 million) and Anywhere ($83 million) reached settlement agreements before the trial took place. Keller Williams reached a $70 million settlement after the verdict last fall.
“Since entering into the settlement last fall, RE/MAX has been committed to obtaining final approval,” RE/MAX Holdings CEO Erik Carlson said in a news release. “We are thrilled to be leading the way in moving forward, maintaining our focus on supporting RE/MAX affiliates and continuing to foster greater transparency in the industry on behalf of homebuyers and sellers.”
Other settlements are still awaiting final court approval. Those include the $418 million agreement with the National Association of REALTORS®, plus other settlements with COMPASS, @properties, Douglas Elliman, Redfin, Realty ONE, Real Brokerage and HomeServices of America.