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BusinessAssociated Press FinanceBerkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits
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. HomeServices of America said Friday that the proposed settlement would shield its 51 brands, nearly 70,000 real estate agents and over 300 franchisees from similar litigation. The real estate company had been a major holdout after several other big brokerage operators, including Keller Williams Realty, Re/Max, Compass and Anywhere Real Estate, agreed to settle.
BusinessReutersWarren Buffett's real estate brokerage reaches $250 million antitrust settlement
A real estate brokerage owned by Warren Buffett's Berkshire Hathaway said on Friday it reached a $250 million settlement of nationwide antitrust litigation that is expected to change how real estate agents are paid. HomeServices of America, the largest U.S. real estate brokerage, was the last remaining defendant in a case against the National Association of Realtors (NAR) and four brokerages.
BusinessBloombergCommercial Real Estate Debt Is Back With 170% Jump in Sales
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