Company Directory - HomeServices of America
Company Details - HomeServices of America
HomeServices of America
WebsiteHomeServices of America is a prominent real estate brokerage firm that operates as an affiliate of Berkshire Hathaway. The company provides a wide range of real estate services including buying, selling, and managing properties across the United States. With a focus on customer satisfaction and a commitment to professionalism, HomeServices of America connects clients with knowledgeable agents to guide them through the real estate process.
CCI Score
CCI Score: HomeServices of America
-29.61
Latest Event
Settlement for Unethical Commission Practices
HomeServices of America, a subsidiary of Berkshire Hathaway, has agreed to pay $250 million to settle lawsuits alleging that its longstanding business practices artificially inflated broker commissions, which many claim exploited home sellers.
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ACCOMPLICE
HomeServices of America is currently rated as an Accomplice.
Latest Events
- APR262024
HomeServices of America, a subsidiary of Berkshire Hathaway, has agreed to pay $250 million to settle lawsuits alleging that its longstanding business practices artificially inflated broker commissions, which many claim exploited home sellers.
-60
Business Practices and Ethical Responsibility
May 3
The settlement highlights unethical business practices where homeowners were allegedly forced to bear artificially inflated broker commissions. This undermines consumer trust and ethical standards in real estate practices, marking a negative impact on corporate accountability.
Berkshire Hathaway’s real estate firm to pay $250 million to settle real estate commission lawsuits
- APR262024
HomeServices of America has paid $250 million to settle multiple class-action lawsuits alleging that the firm conspired to inflate real estate commissions. While the settlement avoids a protracted trial, it raises concerns about the company's business practices and transparency in dealing with alleged collusive behavior in commission setting, potentially impacting both consumer trust and fair labor market practices.
-40
Business Practices and Ethical Responsibility
May 3
The decision to settle the commission lawsuits for $250 million reflects problematic business practices, as it was aimed at avoiding lengthy litigation rather than addressing the underlying allegations of collusion to inflate commissions. This approach undermines efforts to enforce ethical business practices and transparency, negatively impacting stakeholders including consumers and agents. Such behavior contributes to a broader framework of corporate malfeasance, which CCI views as a risk factor for authoritarian business models that sidestep accountability.
BREAKING: HomeServices of America Pays $250 Million to Settle Commission Lawsuits
- APR262024
HomeServices of America, the last remaining defendant in a landmark antitrust commission case, agreed to pay $250 million in damages to settle lawsuits that aimed to revise agent commission structures and protect nearly 70,000 agents. The settlement is expected to bring significant changes in how agents are compensated, potentially enhancing worker protections in the real estate industry.
+30
Labor Relations and Human Rights Practices
May 3
The settlement addresses longstanding concerns over agent compensation practices by forcing a change in commission structures that had been contested in antitrust litigation. While the action was taken under legal pressure, the outcome is aimed at protecting nearly 70,000 agents, thereby enhancing labor rights and ethical business practices.
HomeServices settles commission lawsuits for $250M - Yahoo Finance
- APR262024
HomeServices of America reached a $250 million settlement over allegations of keeping fees artificially high, which raised concerns about its business practices and ethical responsibility in the real estate market.
-40
Business Practices and Ethical Responsibility
May 3
The $250 million settlement due to allegations of artificially high fees indicates unethical business practices. Such behavior undermines fair market practices and consumer protection, reflecting a negative impact on ethical business responsibility.
Warren Buffett’s Real Estate Company Will Pay $250 Million In Antitrust Settlement
- OCT312023
HomeServices of America, alongside NAR and Keller Williams, was found liable in a Missouri class-action lawsuit for conspiring to inflate real estate commissions, resulting in damages of $1.78 billion. The trial featured testimony from top executives and has sparked broader debate on corrupt commission practices.
-70
Business Practices and Ethical Responsibility
May 3
The lawsuit finding holds HomeServices of America accountable for engaging in unethical business practices by conspiring to inflate commissions. Such collusive behavior undermines consumer trust and fair market competition, which are crucial for ethical business operations.
NAR, Keller Williams, HomeServices of America found liable of conspiring to inflate commissions
-40
Economic Collaboration
May 3
The collusion to inflate commissions represents an abuse of economic power that distorts market competition and harms consumers. This unethical economic collaboration reflects structural practices that prioritize profit over fair market competition and consumer welfare.
NAR, Keller Williams, HomeServices of America found liable of conspiring to inflate commissions
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