Photo: Daniel Barnes / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. The money is there. The checks are not. Accounts tied to the real estate commission settlements held $711,251,720.86 as of Sept. 30, according to a Morgan Stanley declaration filed by plaintiffs on Oct. 29 and first reported by Inman. That is real money sitting in identified Morgan Stanley accounts, and it is still growing. From January through September, those accounts earned $17,705,101.82 in…
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$711 Million Is Sitting in the Commission Settlement Accounts. Home Sellers Still Have No Payout Date.
Real estate commission settlement accounts held $711 million as of September 30, but home sellers still have no payout date.
