United is removing legal distractions to continue its unmatched
growth as the No. 1 fastest-growing real estate company in the
nation over the past five years.
DALLAS, July 17,
2024 /PRNewswire-PRWeb/ -- United® Real Estate
announced today that it has reached a nationwide settlement in the
Gibson v. National Association of Realtors, et. al, matter. The
settlement agreement, which is subject to approval by the Court,
includes the release of United Real Estate's related entities and
franchisees from the claims brought by the Gibson plaintiffs as
well as any similar legal actions on a nationwide basis.
"This settlement allows us to focus on
empowering agents with the tools and resources they need to compete
and serve their clients with excellence, without the burden of
prolonged litigation."
As part of the settlement agreement, United Real Estate will pay
$3.7 million into a settlement fund.
Additionally, United Real Estate has agreed to adhere to certain
business practices many of which United has had in place previous
to the litigation. While United Real Estate continues to deny the
allegations made in the Gibson lawsuit and in no way acknowledges
any wrongdoing, this settlement is the best course of action as it
will save United Real Estate significant legal fees and allow the
company to move forward with its industry-leading flat fee business
model.
"We are a 10-plus year positive disruptor in the real estate
space," said Dan Duffy, CEO of
United Real Estate Group. "We have always been committed to
providing the best support and value for our brokers and agents.
This settlement allows us to focus on empowering agents with the
tools and resources they need to compete and serve their clients
with excellence, without the burden of prolonged litigation."
United Real Estate provides differentiating, proprietary support
programs such as lead generation and conversion tools, financial
wellness programs, and automated personal marketing systems that
pair with the highest agent compensation plans available. Despite
the lawsuit, United continues to grow its network of affiliated
agents, even as the total number of real estate licensees has
declined nationwide. The lawsuit, while an expensive distraction,
has resulted in more agents joining United seeking to protect and
advance their real estate careers.
About United Real Estate
United Real Estate (United) – a division of United Real Estate
Group – was founded with the purpose of offering solutions to real
estate brokers and agents in the rapidly changing real estate
brokerage industry. United provides the latest training, marketing
and technology tools to agents and brokers under a flat-fee,
transaction-based agent commission model. By leveraging the
company's proprietary cloud-based Bullseye™ Agent & Broker
Productivity Platform, United delivers a more profitable outcome
for agents and brokers. United Real Estate operates in 32 states
with 159 offices and more than 21,000 agents. The company produced
over 70,000 transactions and $27.8
billion in sales volume in 2023.
About United Real Estate Group
United Real Estate Group (UREG) operates United Real Estate and
United Country Real Estate, addressing the unique market needs of
suburban, major metropolitan urban and rural markets. Utilizing the
cloud-based Bullseye™ Agent & Broker Productivity Platform,
UREG offers the latest training, marketing and technology tools
producing a significant competitive advantage. The platform
realizes a decade-long investment in virtual agent and brokerage
technology services and is powered by a 2.6 million listings data
warehouse generating over 3 million monthly visitors and 30,000+
leads per year. Together, the United Real Estate Group supports
more than 590 offices and over 23,100 real estate and auction
professionals across four continents. United Real Estate Group
produced more than 89,000 transactions and $35.2 billion in sales volume in 2023. Through
its in-house advertising agency, UREG offers differentiating
marketing support and collateral for specialized lifestyle property
websites as well as access to a 800,000+ opt-in buyer database. For
more information about United Real Estate or United Country Real
Estate, please visit UnitedRealEstate.com or UnitedCountry.com.
To learn more about United Real Estate, brokerage succession
planning, brokerage valuation and sale or franchising
opportunities, visit GrowWithUnited.com. Agents interested in
learning about career opportunities with United Real Estate can
visit JoinUnitedRealEstate.com.
Media Contact
April Gonzalez, United Real
Estate, 504-237-3500,
AGonzalez@UnitedRealEstate.com, www.UnitedRealEstate.com
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SOURCE United Real Estate