"Keller Williams Resolves Nationwide Commission Lawsuits with $70M Settlement"
TL;DR
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.
- Keller Williams Settles Sitzer, Moehrl Commission Suits For $70M - Inman Inman
- Keller Williams agrees to pay $70 million to settle real estate agent commission lawsuits nationwide Yahoo News
- Keller Williams to settle real-estate agent commission lawsuits for $70 million MarketWatch
- Keller Williams Agrees to Pay $70 Million to Settle Antitrust Claims The Wall Street Journal
- Keller Williams settles the Sitzer/Burnett commission lawsuit for $70 million HousingWire
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