Real estate commission antitrust settlements face legal objections [Reuters]
PulteGroup, Inc. (PHM)
Last pultegroup, inc. earnings: 4/23 06:30 am
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Source: Reuters
claims that major home brokerages conspired to keep real estate commissions artificially high. Atlanta-based homebuilder PulteGroup (PHM.N) New Tab , opens new tab in a filing New Tab , opens new tab on Friday questioned the adequacy of the proposed deals, which would resolve antitrust claims against brokerages RE/MAX, Keller Williams and Anywhere pending in Missouri federal court. The brokerages are accused of unlawfully coercing homeowners into paying a commission to buyers' agents in order to list their homes for sale. The commission, which is shared between the buyer's and seller's agents, can run 5% to 6% of a home's sale price. RE/MAX, Anywhere and Keller Williams denied any wrongdoing in agreeing to settle . They either declined to comment on the objections or had no immediate comment. Michael Ketchmark, an attorney for the plaintiffs, said on Monday that they were "confident in the agreement that was reached and we look forward to presenting it to the court." A j
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News
- PulteGroup, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- What Makes PulteGroup (PHM) a New Strong Buy Stock [Yahoo! Finance]Yahoo! Finance
- PulteGroup, Inc. (NYSE: PHM) had its "outperform" rating re-affirmed by analysts at Raymond James. They now have a $135.00 price target on the stock, up previously from $120.00.MarketBeat
- Are Construction Stocks Lagging PulteGroup (PHM) This Year? [Yahoo! Finance]Yahoo! Finance
- Here's Why PulteGroup (PHM) is a Strong Value Stock [Yahoo! Finance]Yahoo! Finance
PHM
Earnings
- 4/23/24 - Beat
PHM
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 3/22/24 - Form ARS
- PHM's page on the SEC website