HomeServices Becomes Final Brokerage To Settle Real Estate Agent Fee Lawsuit [Forbes]
Berkshire Hathaway Inc. New (BRK.B)
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Source: Forbes
HomeServices of America will pay $250 million to resolve a series of lawsuits that challenged how real estate agents are paid. The agreement announced Friday comes just days after a federal judge in Missouri gave preliminary approval to a $418 million settlement between home sellers and the National Association of Realtors , or NAR. A final hearing on that settlement—largely seen as a formality—is set for November 26 in Kansas City, Missouri. The NAR settlement releases a million of its members from liability. Several other major brokerages have also settled, bringing the total settlement amount to more than $943 million, according to Cohen Milstein Sellers & Toll, which represented some of the home sellers. Some experts believe the settlements could dramatically change how homes are bought and sold in the U.S. and have the potential to save money for both buyers and sellers. Under the agreements, home buyers will negotiate fees directly with their agents before the purchase p
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BRK.B
Earnings
- 5/4/24 - Beat
BRK.B
Sec Filings
- 5/6/24 - Form 10-Q
- 4/26/24 - Form 8-K
- 4/22/24 - Form 424B5
- BRK.B's page on the SEC website