Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits [Financial Post (Toronto, Ontario, Canada)]
Berkshire Hathaway Inc. New (BRK.B)
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Source: Financial Post
LOS ANGELES (AP) — 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 forced U.S. homeowners to pay artificially inflated broker commissions when they sold their homes. HomeServices of America said Friday that the proposed settlement would shield its 51 brands, nearly 70,000 real estate agents and over 300 franchisees from similar litigation. Article content Article content The real estate company had been a major holdout after several other big brokerage operators, including Keller Williams Realty, Re/Max, Compass and Anywhere Real Estate, agreed to settle. Last month, the National Association of Realtors agreed to pay $418 million. “While we have always been confident in the legality and ethics of our business practices, the decision to settle was driven by a desire to eliminate the uncertainty brought by the protracted appellate and
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BRK.B
Earnings
- 5/4/24 - Beat
BRK.B
Sec Filings
- 5/7/24 - Form 8-K
- 5/6/24 - Form 10-Q
- 4/26/24 - Form 8-K
- BRK.B's page on the SEC website