Warren Buffett’s Real Estate Brokerage Agrees to $250 Million Settlement [The New York Times]
Berkshire Hathaway Inc. New (BRK.B)
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Source: The New York Times
HomeServices of America, the largest residential real estate brokerage in the United States and owned by Warren E. Buffett’s Berkshire Hathaway Energy, has agreed to settle a series of lawsuits that could change the way commissions are paid to real estate agents.On Thursday, the brokerage signed off on adding $250 million to the mounting pile of damages won byhome sellers who have successfully suedIndustry insiders have been anticipating the HomeServices settlement since March 15, when N.A.R., an influential trade group with 1.5 million members,agreed to settle the lawsuitsreceived preliminary approvalThe settlement will introduce competition to the market for real estate commissions, driving down the fees that consumers are required to pay when selling a home and eventually lowering home prices across the board as a result, some industry analysts say.For more than a century, N.A.R. has been an indomitable force in the real estate industry. But the group had been under pressure to set
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News
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- Warren Buffett Sits On The Sidelines With $189 Billion In Cash: 4 Ways To Put Your Cash To Work If You're Following Suit [Yahoo! Finance]Yahoo! Finance
- Warren Buffett: How Investing in the S&P 500 Can Make You Rich [Yahoo! Finance]Yahoo! Finance
- Signs of the Top? Warren Buffett Selling His Biggest Holding [Yahoo! Finance]Yahoo! Finance
BRK.B
Earnings
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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