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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.
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, Warren Buffett’s real estate brokerage, reached a $250 million settlement over allegations it kept fees artificially high—marking the last major company to settle in...
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.
22 mar 2024 · Nearly every member is covered by the release NAR negotiated in the settlement. The members not covered are those affiliated with HomeServices of America, the last co-defendant in the Sitzer-Burnett litigation, and the employees of the co-defendants in the Gibson and Umpa cases.
3 sie 2023 · An appeal by HomeServices of America in a major class action lawsuit challenging the system of buyer agent commissions was denied, keeping the case on track for a trial this fall.
15 mar 2024 · De. pite NAR’s efforts, agents affiliated. with HomeServices of America1. Why did NAR enter into this settlement?• Since the litigation began. ity for as many of our members, associations, and MLSs as we could; ando Preserve the. choices consumers have regarding real estate services and compensation.• This proposed settlement achieves ...
