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REMAX settles Batton homebuyer commission lawsuit for $8.5M

After over five years of litigation, REMAX has settled the Batton homebuyer commission lawsuit for $8.5 million. The firm announced its settlement in a document filed with the Securities and Exchange Commission (SEC) on Wednesday. In the filing, REMAX noted that the settlement is “not an admission or concession of liability, or of the validity…

Arizona’s largest MLS shifts to independent board of directors

Arizona Regional Multiple Listing Service (ARMLS) will move from a broker- and agent-led board to an independent board of directors, while creating a new advisory council to keep practitioner voices in its governance structure, the organization announced. Under the new model, ARMLS shareholders and its current board approved changes that replace a board largely composed…