"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.