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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 ...
Including HomeServices' proposed payout, the real estate industry has now agreed to pay more than $943 million to make the lawsuits go away. “This is another significant settlement for American home sellers who have been saddled with paying billions in unnecessary commission costs," Benjamin Brown, managing partner at one of the law firms ...
It is owned by Buffett's Berkshire Hathaway. The lawsuit in question centers on a rule imposed by the NAR, which pertains to multiple listing services (MLS) – or a database of properties listed ...
The defendants in the lawsuit included Berkshire-owned HomeServices of America and its two subsidiaries, along with Keller Williams Realty. [35] [42] The lead lawyer for the plaintiffs in this lawsuit was Michael Ketchmark. [35] According to media sources, the awarded damages could be tripled to more than $5.3 billion under United States ...
OMAHA, Neb. (AP) — Shareholder proposals are usually uneventful at Berkshire Hathaway's annual meeting.But Warren Buffett and the company are now facing a lawsuit over the way one presenter was ...
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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]
It appointed two Berkshire Hathaway Energy executives as CEO and CFO of the company, retaining Jimmy Haslam as chairman. [106] On October 2, 2014, Berkshire Hathaway Automotive, an auto dealership subsidiary, was created through the acquisition of Van Tuyl Group, the remaining largest auto dealer in the nation and independently owned up to that ...