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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 ...
The lawsuit covered home sales that took place between April 2015 to June 2022. ... Warren Buffett’s Berkshire Hathaway-owned HomeServices of America and two subsidiaries, as well as Keller ...
HomeServices of America was recently named the largest residential brokerage in the country by Real Trends. It is owned by Buffett's Berkshire Hathaway. The lawsuit in question centers on a rule ...
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 ...
In May 2013, Berkshire Hathaway subsidiary HomeServices of America filed a similar lawsuit against NeighborCity.com for reuse of photos from its (subsidiaries') listings without express permission. [13] NeighborCity filed a countersuit claiming anti-competitive practices.
An industry-shaking lawsuit has upended the way commissions are paid. ... and HomeServices of America, part of Warren Buffett’s Berkshire Hathaway, settled for $250 million. ...
In January 2016, Berkshire Hathaway acquired Precision Castparts Corp. for $32.1 billion. [109] In 2020, Buffett said he overpaid for the company and wrote down its value by approximately $10 billion. [110] In February 2016, Berkshire Hathaway acquired Duracell from Procter & Gamble for $4.7 billion in stock in P&G previously owned by Berkshire ...