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Keller Williams Realty, Inc. 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.
The NAR's rules imposed on Keller Williams, they say, placed anti-competitive restraints on the housing market by effectively enforcing non-negotiable commission structures, then requiring home ...
Keller Williams Realty (commonly referred to as Keller Williams) is an American technology and international real estate franchise with headquarters in Austin, Texas. It is the largest real estate franchise in the United States by sales volume as of 2022.
One of the nation's largest real estate brokerages has agreed to pay $70 million as part of a proposed settlement to resolve more than a dozen lawsuits across the country over agent commissions.
Real estate agents across the U.S. typically charge a commission between 5-6% — one of the highest rates in the world — that is often divided equally between the buyer’s agent and the seller ...
Gary Keller is an American entrepreneur and best-selling author. He is the founder and Executive Chairman of Keller Williams, which is the largest real estate company in the world by agent count and second in closed sales volume, and units sold. [1] Keller founded Keller Williams on training and education and later brought his teachings to print.
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A commission structure can apply to employees or independent contractors. Industries where commissions are common include car sales, property sales, insurance booking, and most sales jobs. In the United States, a real estate broker who successfully sells a property might collect a commission of 6% of the sale price. [7]