RE/MAX obtains preliminary approval of $55M antitrust class action settlement

RE/MAX Holdings, Inc.

Court granted preliminary approval for settlement in Burnett, Moehrl, and Nosalek lawsuits.
RE/MAX agreed to pay $55 million and modify business practices; denies wrongdoing.
25% ($13.75M) already deposited; next 25% due within 10 business days after preliminary approval.
Final approval expected in 2024; business practice changes required within 6 months of effective date.
RE/MAX expects no material impact on operations or cash flows beyond the $55M payment.

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