A new housing development is seen from above, Oct. 12, 2022, in Middlesex Township, Pa. 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, March 22, 2024. (AP Photo/Gene J. Puskar, File)
March 24, 2024
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March 24, 2024 midnight
Compass agrees to pay $57.5 million, make policy changes to settle real estate commission lawsuits
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.