A combined $106 million in proposed commission settlements is approaching a critical hearing in Chicago. The brokerages backing the deals are pointing to a striking number: just two objectors among more than 39.6 million prospective class members. But a small objection count does not guarantee approval, and the money would not purchase blanket immunity for the real estate industry. Compass and Douglas Elliman filed briefs October 7 supporting final approval of their agreements in Tuccori, the homebuyer commission litigation pending…
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$106 Million, Two Objectors and a Chicago Judge: Real Estate’s Commission Fight Faces a Crucial Test
A combined $106 million in proposed commission settlements is approaching a critical hearing in Chicago. The brokerages backing the deals are pointing to a striking number: just two objectors among more than 39.6 million prospective class members.
