Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Missile Causes ‘Extensive’ Damage To Israeli Hospital – IDF Bombs Inactive Iranian Reactor

June 19, 2025

What Are Transfer Taxes in Real Estate?

June 19, 2025

TSA PreCheck Touchless ID: How It Works

June 18, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Thursday, June 19
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Real Estate»Weichert Follows eXp Realty’s Lead In Settling Commission Lawsuits
Real Estate

Weichert Follows eXp Realty’s Lead In Settling Commission Lawsuits

November 7, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

According to new court documents, Weichert has reached a settlement in a case known as Hooper, following in the footsteps of eXp Realty’s recent settlement in the same case. The settlement method used by both companies has sparked pushback from plaintiffs in a different lawsuit.

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025.

Court documents reveal that Weichert Real Estate Affiliates settled the Hooper case on Nov. 5, but the documents were filed in a separate case known as Gibson. Weichert is requesting a stay in the Gibson lawsuit while the settlement in Hooper proceeds.

The specific terms of Weichert’s settlement have not been disclosed. Inman has reached out to the company for comment and will update the story accordingly.

This settlement mirrors eXp Realty’s approach, where they settled the Hooper case for $34 million in early October. However, plaintiffs in the Gibson case criticized the settlement as insufficient, alleging that eXp settled Hooper to gain leverage in the Gibson case.

The Gibson plaintiffs are seeking to renegotiate the terms of the settlement with eXp.

The controversy revolves around a strategy known as a “reverse auction,” where a defendant settles one class action lawsuit to potentially influence the outcome of other similar lawsuits. By settling in the Hooper case, eXp and Weichert may resolve the Gibson case as well, even if the Gibson plaintiffs are dissatisfied with the terms.

eXp Realty has defended its settlement against criticism this week.

Commission EXp Lawsuits Lead Realtys Settling Weichert
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

What Are Transfer Taxes in Real Estate?

June 19, 2025

Class Valuation unveils appraisal review tool

June 18, 2025

How to Buy a House from a Family Member

June 18, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

These Stock Winners Are ‘Strong Buys’ With More Room Left to Run

July 17, 20240 Views

Mortgage rates fell last week. Can they go lower?

January 18, 20250 Views

Fed Is About to Get Validation for Its Jumbo Rate Cut

September 22, 20240 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Economic News

Missile Causes ‘Extensive’ Damage To Israeli Hospital – IDF Bombs Inactive Iranian Reactor

June 19, 20250
Real Estate

What Are Transfer Taxes in Real Estate?

June 19, 20250
Personal Finance

TSA PreCheck Touchless ID: How It Works

June 18, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.