other material
confidence high
sentiment neutral
materiality 0.75
Fathom revises agent fees for 2024, expects $3.1M EBITDA boost; faces antitrust class action
Fathom Holdings Inc.
- Agent annual fee rises from $600 to $700; new High-Value Property Fee on sales over $600,000, effective Jan 1, 2024.
- Estimated $3.1M EBITDA increase in 2024 from the fee structure changes.
- Fathom Realty named defendant in purported class action filed Nov 13, 2023 in E.D. Texas.
- Lawsuit alleges antitrust violations over buyer broker commissions; company says claim meritless due to flat-fee model.