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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.
Sold a home between Feb. 1, 2020, and Feb. 1, 2024, for the Anywhere and Re/Max settlements or Oct. 31, 2019, and Feb. 1, 2024, for the Keller Williams settlement. Listed the home on a multiple ...
On March 15, 2024, the National Association of Realtors announced that it would settle the lawsuit rather than appeal. The group agreed to change how commissions are paid and to pay back $418 million over four years. [16] The judge presiding over the case granted preliminary approval to the settlement on April 23, 2024. [17]
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 defendants in the lawsuit included Berkshire-owned HomeServices of America and its two subsidiaries, along with Keller Williams Realty. [36] [43] The lead lawyer for the plaintiffs in this lawsuit was Michael Ketchmark. [36] According to media sources, the awarded damages could be tripled to more than $5.3 billion under United States ...
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.
Bank of America must be used to shelling out billions to settle class-action lawsuits by now. One settlement involving the company in 2012 stipulated it reimburse shareholders $2.43 billion for ...
The National Association of Realtors (NAR) is an American trade association [5] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [6] making it the largest trade association in the United States [7] including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.