Higher Tech Realty, under the name Mark Spain Real Estate, has reached a nationwide settlement regarding commission lawsuits, though the details remain undisclosed.
In 2023, Mark Spain Real Estate reported significant activity with 8,629 transaction sides amounting to $2.8 billion in volume, showcasing their prominence in the market.
The Phillips case, filed shortly after a related jury verdict in the Sitzer/Burnett lawsuit, argues that real estate entities have colluded to inflate commissions.
Mark Spain Real Estate is now among numerous major companies settling commission lawsuits, including the National Association of Realtors and several prominent real estate firms.
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