Berkshire Hathaway's Real Estate Firm Agrees to $250 Million Settlement in Commission Lawsuits

The settlement aims to resolve claims of inflated broker commissions, impacting nearly 70,000 agents across the U.S..

HomeServices of America, a Berkshire Hathaway company, settles for $250 million over claims of forcing homeowners to pay inflated commissions.
The settlement covers 51 brands and shields the company from similar future lawsuits.
Other major real estate firms have also settled, bringing the industry's total payouts to over $943 million.
The lawsuits accused brokerages of antitrust violations by mandating sellers to pay buyer's broker fees.
Settlement includes changes to business practices, promoting transparency in agent compensation.