MLS PIN's initial $3 million settlement faced complications after the DOJ expressed concerns and rejected proposed amendments. Despite Judge Patti B. Saris granting preliminary approval, the Dept. of Justice has taken a critical stance, complicating negotiations. The Nosalek plaintiffs are pushing for preliminary approval of their revised settlement as DOJ has not outlined specific amendments needed. The disagreement highlights ongoing tensions in cooperative real estate compensation practices, with implications for the industry’s regulatory landscape moving forward.
The plaintiffs argued that the Department of Justice has rejected amendments to their settlement agreement without providing specific changes needed, raising concerns about regulatory overreach.
Initially, Judge Patti B. Saris showed skepticism regarding the settlement but later granted preliminary approval, reflecting the complexities surrounding legal compliance in real estate practices.
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