1, 2026. The company also committed to implementing changes to its business practices, including enhanced training and oversight for agents to ensure compliance with fair housing laws.
Fathom Realty is just one of many real estate companies facing legal challenges in the wake of increased scrutiny on industry practices. The settlements highlight the importance of transparency and accountability in the real estate sector, as companies strive to rebuild trust with consumers and uphold ethical standards.
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The company denied wrongdoing and stated that it had reached a settlement with plaintiffs to facilitate moving forward and continuing business growth.
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Settlements continue to be reached.
Fathom Realty will pay $2.95 million and agree to the stipulations outlined in the National Association of Realtors settlement agreement to resolve its own legal issues, as announced by the company this week.
Fathom, a subsidiary of publicly traded Fathom Holdings, was one of the many brokerages and franchises that surpassed $2 billion in sales volume in 2022 and therefore had to come to its own agreement with homesellers who were part of class-action lawsuits targeting the real estate industry.
“Fathom Realty was established on the foundation of providing unparalleled support to our agents,” commented CEO Marco Fregenal. “We believe that this settlement is the best way forward, allowing our agents to concentrate on their clients without the burden of prolonged litigation.”
Fathom Holdings, as a publicly traded company, was not obligated to disclose the terms of its settlement but opted to do so in the interest of transparency.
The company will make a payment of $500,000 within five days of the settlement’s approval.
An additional $500,000 will be deposited by October 1, 2025, and $1.95 million by October 1, 2026. The company has also committed to implementing changes to its business operations, including enhanced training and supervision for agents to ensure compliance with fair housing laws.
Fathom Realty is just one of the many real estate companies facing legal challenges amid heightened scrutiny of industry practices. These settlements underscore the importance of transparency and accountability in the real estate sector as companies strive to regain consumer trust and uphold ethical standards.