Warren Buffett's real estate brokerage reaches $250 mln antitrust settlement [Reuters]
Berkshire Hathaway Inc. New (BRK.B)
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Source: Reuters
nationwide antitrust litigation that is expected to change how real estate agents are paid. HomeServices of America, the largest U.S. real estate brokerage, was the last remaining defendant in a case against the National Association of Realtors (NAR) and four brokerages. Report this ad Its settlement would eliminate the risk of a much higher payout, after a jury in Kansas City, Missouri in October who accused the industry of conspiring to keep real estate commissions in that state artificially high. Jurors awarded $1.78 billion of damages, which a judge could have tripled. HomeServices' settlement requires court approval. Lawyers for the plaintiff sellers did not immediately respond to requests for comment. The NAR agreed to settle nationwide antitrust litigation for $418 million last month, and won a judge's on Tuesday. It also agreed to rewrite rules for paying buyers' and sellers' agents. Analysts said the changes could lower commissions by at least 25%. With the la
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BRK.B
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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