Fathom Holdings Has Reached A Nationwide Settlement Related To Claims Asserted In Burnett V. The National Association Of Realtors; Fathom Realty Will Pay $500K Into A Settlement Fund Within 5 Days After The Settlement Is Formally Approved By The Court, $500K On Or Before October 1st, 2025, And $1,950K On Or Before October 1st, 2026

Fathom Realty, a wholly owned subsidiary of Fathom Holdings Inc. (NASDAQ:FTHM), a national, technology-driven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, and SaaS offerings for brokerages and agents, today announced that it has reached a nationwide settlement related to claims asserted in Burnett v. The National Association of Realtors., et al.

While we believe the settlement amount is immaterial in GAAP terms, Fathom Holdings is disclosing the details in the spirit of transparency. As part of the settlement, Fathom Realty will pay $500,000 into a settlement fund within 5 days after the settlement is formally approved by the court, $500,000 on or before October 1st, 2025, and $1,950,000 on or before October 1st, 2026. The Company believes that it has, and will generate, adequate funds to make these payments without compromising its business.

Fathom Realty has also agreed to adhere to the rule changes put forth by the National Association of REALTORS.