Berkshire Hathaway Subsidiary Settles Real Estate Antitrust Suit for $250M

Apr 26, 2024, 03:05 PM

HomeServices of America, a subsidiary of Berkshire Hathaway, has agreed to pay $250 million to settle a landmark antitrust lawsuit involving inflated real estate commission charges. This settlement resolves claims from home sellers who alleged they were forced to pay excessive commissions. The case, known as the Sitzer/Burnett commission case, marks a significant development in the real estate industry, potentially altering how agent compensations are structured.