REMAX entered into the Settlement Agreement after considering the risks and costs of continuing the litigation, the SEC filing states. Of the $8.5 million, $1.5 million will be paid into the settlement fund after the agreement receives preliminary approval with the remaining $7.0 million being paid after the settlement gains final approval.
I was working at a smaller company and I learned the nuances and how to do things from the broker-owner, but then I decided that I could do it on my own so I went out and started Simonetti & Associates, and I managed to get a few agents under my wing, he said.