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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]
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 ...
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 ...
On Aug. 17, rules surrounding real estate commissions are set to change thanks to a legal settlement between the National Assn. of Realtors and home sellers. Proponents hope the new rules will ...
U.S. Supreme Court cases. 14 Penn Plaza LLC v. Pyett; 303 Creative LLC v. Elenis; 44 Liquormart, Inc. v. Rhode Island; 62 Cases of Jam v. United States
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The seismic settlement announced by the National Association of Realtors earlier this month has not yet been approved, but it is already sending shockwaves through the real estate industry.
The United States District Court for the District of Tennessee was established with one judgeship on January 31, 1797, by 1 Stat. 496. [1] [2] The judgeship was filled by President George Washington's appointment of John McNairy.