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One of the nation's largest real estate brokerages has agreed to pay $70 million as part of a proposed settlement to resolve more than a dozen lawsuits across the country over agent commissions.
A new federal class-action lawsuit filed in South Carolina alleges that the powerful National Association of Realtors (NAR) and real estate brokerage firm Keller Williams Realty violated federal ...
The lawsuit, filed on Nov. 6, seeks class-action status for all home sellers in South Carolina who used a listing broker affiliated with Keller Williams and listed their home on one of the NAR’s ...
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.
Additional defendants in the case included HomeServices of America and Keller Williams Realty, among others. [13] On the same day as the jury's verdict, Ketchmark filed a larger class action lawsuit covering all home sellers in the United States who paid commissions since 2019, and is seeking $100 billion in damages. [14]
Mark Willis is an American business executive and stock holder at Keller Williams Realty, an international real estate franchise with headquarters in Austin, Texas. [1] [2] [3] Willis was President of Keller Williams Realty prior to 2005 when he took over the position as chief executive officer (CEO). [4]
Keller Williams eventually settled for $70 million, and HomeServices of America, part of Warren Buffett’s Berkshire Hathaway, settled for $250 million. NAR also agreed to pay up and change its ...
Keller Williams Realty (commonly referred to as Keller Williams) is an American technology and international real estate franchise with headquarters in Austin, Texas. It is the largest real estate franchise in the United States by sales volume as of 2022.