Compass Agrees to Pay $57.5 Million to Settle Broker Cases (1)

Compass Inc., the brokerage led by Robert Reffkin, agreed to settle class-action lawsuits targeting commissions for $57.5 million.

The agreement, which still needs to be approved by a court, also includes some changes to Compass practices, including requiring its brokerages and agents to disclose that commissions are fully negotiable, according to a regulatory filing Friday, which noted that the settlement isn’t an admission of liability.

Real estate agents and brokerages have come under fire in recent years from lawsuits targeting the industry’s commission structure. Last year, a Missouri jury found the National Association of Realtors and others liable ...