A nationwide settlement is essential for conserving judicial and private resources while ensuring all class members are informed. Bough emphasized this necessity for comprehensive resolution.
Despite some objections regarding monetary recovery, Bough reiterated the nature of settlements as compromises, highlighting that the agreement includes more than just monetary damages.
Bough's decision came in the face of DOJ concerns about provisions limiting broker competition, echoing issues previously flagged in antitrust cases affecting real estate practices.
The NAR and HomeServices of America settlements also incorporate significant operational changes beyond financial compensation, indicating a broader commitment to reform within the real estate industry.
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