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trio of smaller brokerages and two MLSs are poised to face a final reckoning on June 24, as the Keel and Gibson cases inch closer to resolution. While the largest settlements in the commissions lawsuits were greenlit last fall, several smaller deals have been quietly advancing towards completion.
Judge Stephen Bough, presiding over the Missouri U.S. District Court, has granted preliminary approval to a revised settlement agreement in the Keel case. This follows an amended complaint filed last week that added Sibcy Cline Inc., a family-owned brokerage with 19 branch offices and over 1,000 agents across Ohio, Kentucky, and Indiana.
The revised settlement now totals $11.47 million, covering seven brokerages and two MLSs. Sibcy Cline's addition brings the total number of defendants to nine, including Side Inc., Washington Fine Properties, and others who have already reached settlements in the case.
Meanwhile, six smaller brokerages in the Gibson case – The Keyes Company, NextHome, John L. Scott Real Estate, The K Company Realty, Real Estate One, and Baird & Warner – have received preliminary approval for their settlement agreements. Class notices will soon be sent out to affected parties, with a final hearing scheduled for June 24.
Notably, several key defendants in the Gibson case remain, including Compass, Redfin, and Howard Hanna, despite repeated attempts to dismiss the lawsuit. Two other defendants, Weichert and eXp, reached separate settlements but are now under scrutiny.
