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Realtors, Property ID Company Lawsuit


Propose $39 Million in Settlement for California Class Action


Realtors, Property ID Company Propose $39 Million in Settlement for California Class Action

A proposed settlement is in the works which would see Coldwell Banker, Prudential California Realty, REMAX, Century 21 and ERA Real Estate paying $39.3 million to California home owners.

The settlement results from a lawsuit alleging that Property I.D. Corp, the company that produced the hazard disclosure reports for homeowners who were selling, paid kickbacks to the real estate brokers in exchange for business referrals.

AUG-07-08: Brokers, Property I.D. agree to $39 million settlement [INMAN NEWS: CALIFORNIA HAZARD DISCLOSURE SETTLEMENT]

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