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Gibson Case Settlement Approved | Real Estate News
A federal appeals court just approved a $110 million settlement in the Gibson real estate commission case, slamming the brakes on attempts to undermine these deals—a major win for brokerages and adding to a growing billion-dollar payout for affected buyers and sellers. The ruling echoes a similar decision in the Sitzer | Burnett case, with judges citing identical legal reasoning and facts, making it clear they’re not backing down. Big names like Compass, Redfin, and Douglas Elliman are now on the hook to change practices, while critics who argued claims shouldn’t be included or that collusion…
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