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Rhonda Burnett, the lead plaintiff, testified about her experience with a real estate agent from HomeServices of America subsidiary ReeceNichols. According to Burnett, the agent gave her a contract to sign with a commission rate of 6% already filled in, and she was told that the rate was non-negotiable. [12]
If the $418 million legal agreement is approved by a federal court, consumer advocates predict the ranks of real estate agents will thin, further driving down commission prices.
The $418 million deal announced last Friday would resolve litigation brought by home sellers accusing the trade group of setting unlawful agent commissions and indirectly inflating home prices ...
Changes may soon be on the horizon for real estate commission rates after a Kansas City jury determined – in a $1.8 billion judgement in October – that commissions had been inflated and that ...
Re/Max agreed to pay $55 million, and Anywhere Real Estate, the Madison-based company that owns Coldwell Banker and Sotheby's International Realty, agreed to pay $83.5 million. And both said they ...
Associate Justice of the Supreme Court of the Philippines; In office February 1, 1993 - July 17, 1995: Vice President and General Counsel of Meralco Securities Corporation; In office 1972-1973: Personal details; Born July 18, 1925: Died: September 7, 2014 (aged 89) Education: University of the Philippines: Occupation: Lawyer, educator
He is a Senior Partner in Romulo Mabanta, Buenaventura, Sayoc, and De Los Angeles Law Firm, where he co-heads the Litigation & Arbitration, and Environment and Natural Resources Departments. [15] He is listed among the Top 100 Lawyers in the Philippines for 2021, 2022, and 2023 by the Asia Business Law Journal.
A powerful real estate trade group has agreed to do away with policies that for decades helped set agent commissions, moving to resolve lawsuits that claim the rules have forced people to pay ...