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How to apply for a settlement in the real estate commission lawsuit The only way to receive payment is by submitting a claim form by May 9, 2025. Forms can be submitted online at www ...
Rhonda Burnett, the lead plaintiff, testified about her experience with a real estate agent from HomeServices of America subsidiary ReeceNichols. According to Burnett, the agent gave her a contract to sign with a commission rate of 6% already filled in, and she was told that the rate was non-negotiable. [12]
The settlement reached by the National Association of Realtors (NAR) over real estate agent commissions could end up hurting an already beleaguered group: homebuyers.. The $418 million deal ...
A landmark agreement would eliminate real estate brokers' automatic commissions of up to 6%, potentially saving home buyers and sellers thousands of dollars.
The Grand Estates Auction lawsuit was dismissed in 2014. [39] Since 2014, Concierge Auctions has been accused of artificially inflating the price of homes allegedly by using fake bidders. [6] In 2017, two real estate investors sued the company in a California federal court for allegedly keeping a deposit on a home in the country of Fiji. [7]
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 ...
In June, 2017 Forest City shareholders voted to eliminate the dual share structure that had enabled the founding Ratner family to control the company. [14] The City of New York also filed a lawsuit against the company in conjunction with the rent due pursuant to a ground lease. [15] In August, 2017 the company sold 25 acres in Cleveland. [16]
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