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4 mar 2024 · HomeServices of America, the largest residential real estate brokerage in the United States and owned by Warren E. Buffett’s Berkshire Hathaway Energy, is now at the center of a nationwide ...
If you sold a home and paid a commission to a real estate agent, then you may be part of a class action settlement. These Settlements resolve claims against The National Association of REALTORS® (“NAR”) and HomeServices of America, Inc., BHH Affiliates, LLC, Long & Foster Companies, Inc., and HSF Affiliates, LLC (together, “HomeServices ...
26 kwi 2024 · HomeServices of America, 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 forced U.S. homeowners to pay artificially inflated broker commissions when they sold their homes.
1 kwi 2024 · HomeServices is now the last defendant standing after NAR agreed to settle the case in exchange for a $418 million payout and changes to the commission-sharing rule challenged by the lawsuit.
20 kwi 2024 · Chapter 11 reorganization: In theory, Chapter 11 would have enabled NAR to eliminate its own liabilities while pursuing an appeal of the Sitzer-Burnett verdict. But we believe that would have left members with continued uncertainty and potential liability risk. Chapter 11 would also have paused the litigation against NAR but not the other ...
30 kwi 2024 · HomeServices of America last week announced a $250 million deal to settle claims that it violated antitrust laws by conspiring with the National Association of Realtors to inflate agents ...
26 kwi 2024 · HomeServices of America, the last remaining defendant in the Sitzer/Burnett commission case, has agreed to pay $250 million in damages to settle lawsuits that will change agent compensation.
