The settlement involves the Phillips copycat case filed late late year in Georgia

The list of brokerages that have settled the commission lawsuits is getting longer. On Wednesday, Higher Tech Realty, dba Mark Spain Real Estate, filed a notice informing the U.S. District Court in Atlanta that it had reached a nationwide settlement of the commission lawsuits with the plaintiffs in the Phillips suit.

Neither the terms of the settlement or the settlement amount have been disclosed.

Mark Spain Real Estate operates in Georgia, Tennessee, North Carolina, Florida, South Carolina and Texas. In 2023, the firm recorded 8,629 transaction sides for $2.8 billion in volume, according to RealTrends Verified data.

According to the filing, the parties will be filing for preliminary approval of their settlement in the coming days.

Originally filed in November 2023, nearly a month after the jury verdict in the Sitzer/Burnett suit, the Phillips case accuses real estate industry players of colluding to artificially inflate real estate agent commissions.