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Keller Williams

All articles tagged with #keller williams

real-estate1 year ago

"Keller Williams Resolves Nationwide Commission Lawsuits with $70M Settlement"

Keller Williams has agreed to settle two lawsuits by paying $70 million and making changes to its business practices, following similar settlements by other real estate franchisors. The lawsuits alleged that the company and others conspired to inflate broker commission rates paid by homesellers. The settlement aims to cover KW from any current or future suits nationwide and includes changes to business practices. The plaintiffs' attorney praised Keller's leadership in deciding to settle and called for NAR and HomeServices to do the same.

via Inman|
#commission#keller-williams#lawsuit
real-estate1 year ago

"Keller Williams Settles $70 Million Real Estate Agent Commission Lawsuits"

Keller Williams Realty Inc. has agreed to pay $70 million to settle over a dozen lawsuits nationwide regarding real estate agent commissions, with the aim of providing more transparency to homebuyers and sellers. The lawsuits allege that major real estate brokerages engage in practices that unfairly inflate agent commissions. The proposed settlement also includes terms such as making it clear that commissions are negotiable and disclosing compensation structures, and would release Keller Williams from similar lawsuits nationwide if approved by the court.

via The Associated Press|
#keller-williams#lawsuits#real-estate
real-estate1 year ago

Keller Williams Settles Nationwide Commission Lawsuits for $70 Million

Keller Williams Realty Inc. has agreed to pay $70 million to settle more than a dozen lawsuits nationwide over agent commissions, with the proposed settlement also aiming to provide more transparency for homebuyers and sellers. The lawsuits alleged that real estate brokerages engage in practices that unfairly inflate agent commissions. The settlement, which must be approved by the court, includes terms such as making it clear that commissions are negotiable and disclosing compensation structures. This move follows a federal jury's finding that the National Association of Realtors and several large real estate brokerages, including Keller Williams, violated antitrust law, with more than a dozen similar lawsuits pending against the industry.

via Yahoo News|
#agent-commissions#keller-williams#lawsuits
business2 years ago

"Missouri Jury Delivers Verdict on Real Estate Commission Conspiracy Case"

A jury in Kansas City has found the National Association of Realtors (NAR), HomeServices of America, and Keller Williams guilty of colluding to inflate or maintain high commission rates through NAR's Clear Cooperation Rule. The defendants have been ordered to pay damages of $1.78 billion, with potential treble damages of roughly $5.36 billion. The verdict opens the door to more potential lawsuits in other states. The judge overseeing the case has the power to issue injunctive relief, which could include banning the cooperative compensation rule nationally. The NAR plans to appeal the verdict and reduce damages, while Keller Williams and HomeServices also intend to appeal.

via HousingWire|
#antitrust-lawsuit#business#commission-rates