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Keller Williams Realty, Inc. Anywhere Real Estate, Inc. RE/MAX, LLC; Jurors found that all the defendants in the case "knowingly and voluntarily" engaged in a conspiracy with the goal of "raising, inflating, or stabilizing broker commission rates paid by home sellers" by following and enforcing NAR's cooperative compensation rule.
The settlement reached by the National Association of Realtors (NAR) over real estate agent commissions could end up hurting an already beleaguered group: homebuyers.. The $418 million deal ...
A landmark agreement would eliminate real estate brokers' automatic commissions of up to 6%, potentially saving home buyers and sellers thousands of dollars.
A real estate company owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide claiming that longstanding practices by real estate brokerages ...
Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example, [11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the ...
In April 1990, the company was the subject of a probe by the U.S. Securities and Exchange Commission as a result of questionable accounting practices. [2] In May 1990, the company agreed to sell a 6,700-acre Riverside County parcel for $275 million. [6] In June 1990, the offer was withdrawn. [7]
Last month, Keller Williams Realty, one of the nation’s largest real estate brokerages, agreed to pay $70 million and change some of of its agent guidelines to settle agent commission lawsuits.
Michigan Lawsuit Abuse Watch [1] is a non-profit 501 c(4) organization based in Novi, Michigan.It was created in 1997 with the goal to increase public awareness of what it views as the burden of "excessive litigation" is placing on families, job providers and communities in the United States and to promote policies to restore common sense to the civil justice system.