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Anywhere Real Estate, Inc. RE/MAX, LLC; Jurors found that all the defendants in the case "knowingly and voluntarily" engaged in a conspiracy with the goal of "raising, inflating, or stabilizing broker commission rates paid by home sellers" by following and enforcing NAR's cooperative compensation rule.
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 ...
Changes may soon be on the horizon for real estate commission rates after a Kansas City jury determined – in a $1.8 billion judgement in October – that commissions had been inflated and that ...
For decades, if you wanted a real estate agent to help you buy or sell a home, the model was static. At the close of escrow, the seller typically used their proceeds to pay a 5% to 6% commission ...
The Fallon Company is a privately held commercial real estate owner and developer headquartered in Boston, Massachusetts.Founded by Joseph F. Fallon in 1993, The Fallon Company has developed over $6 billion in real estate, representing more than six million square feet of property.
Richard L. Friedman is a real estate developer involved in multiple business, civic, and charitable endeavors. [1] Friedman is the President and CEO of Carpenter & Company, Inc. of Cambridge, Massachusetts, a private firm involved in real estate and private investments.
Real estate brokerages may get a cut of the commission as well. The brokerage RE/MAX, for example, has a split commission setup by which its agents receive 95 percent of the full commission from ...
Headquartered in Boston, New Boston Fund had grown to include fully staffed regional investment offices in the Washington, D.C. area and Florida. The firm's investment activity totaled more than 23 million square feet of commercial real estate and more than 7,500 residential units. [37] The office space was designed by Architect Colin Flavin.