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 16,
2024 /PRNewswire/ -- 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.
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.
Contact: April Gonzalez
Media & Investor Relations
AGonzalez@UnitedRealEstate.com
504-237-3500
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SOURCE United Real Estate