Redfin to pay $9 million in real estate antitrust settlement [Reuters]
Berkshire Hathaway Inc. New (BRK.B)
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Source: Reuters
accusing it of conspiring to artificially inflate the commission paid by U.S. home sellers. Redfin the settlement on Monday in Missouri federal court, where a number of other major residential brokerages have faced related claims from home sellers that they overpaid sales commissions by billions of dollars. Redfin did not admit wrongdoing as part of the deal, which requires a judge's approval. Seattle, Washington-based Redfin and lawyers for the plaintiffs did not immediately respond to requests for comment. Home sellers typically must pay for the services of a buyer's agent in order to get a home included on a "multiple listing service," the platforms where most homes in the U.S. are bought and sold. A commission as high as 6% of the price of a home is then split between the buyer's and seller's agent. The plaintiffs in the Redfin case and other lawsuits accused the brokerages of using the listing rules to drive up commissions as part of an antitrust conspiracy with the indus
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BRK.B
Earnings
- 5/4/24 - Beat
BRK.B
Sec Filings
- 5/17/24 - Form 4
- 5/15/24 - Form 13F-HR/A
- 5/15/24 - Form 13F-HR/A
- BRK.B's page on the SEC website