HomeServices of America agrees to pay $250M to settle lawsuits

HomeServices was potentially on the hook for the remaining $4.7 billion in damages from an Oct. 31 jury verdict in Sitzer | Burnett, which awarded plaintiffs $5.3 billion. Continue reading

Berkshire Hathaway Energy added to growing Gibson commission suit

Amended complaint alleges Warren Buffett’s company abused the trust inspired by his name to encourage homesellers to use HomeServices and further alleged price-fixing conspiracy. Continue reading

Warren Buffett: ‘You want a bad number’ to get good market news

In 2010, the Berkshire Hathaway Inc. CEO said that fewer housing starts can help lay the foundation for a more balanced market down the line. His own company’s recent investments in home builders show commitment to that principle. Continue reading

California commission lawsuit filed against NAR and 35 other entities

Homesellers allege 36 Realtor association, brokerage, and multiple listing service defendants conspired to inflate buyer broker commissions in violation of state and federal antitrust laws. Continue reading

‘Blueprint’ of Berkshire Hathaway, Charlie Munger, dies at 99

Longtime Berkshire Hathaway Vice Chairman Charlie Munger died on Tuesday. Munger was credited with building Berkshire Hathaway into the behemoth it is today, which includes an expansive portfolio of real estate and insurance companies. Continue reading

Signs of a buyer’s market emerge as homeseller concessions return

More than a third of all home sales featured a concession in the past 3 months, according to new data and agents who told Inman that they’re beginning to see signs of a buyer’s market unfold. Continue reading

Sitzer | Burnett defendants bulk up lawyer bench to prep for appeal

The National Association of Realtors and Keller Williams have hired former U.S. solicitors general to help them beat back the multibillion-dollar verdict. Continue reading

Los Angeles agent Gary Glass joins Christie’s International Real Estate

The agent with “an unmatched sales record” is moving to AKG | Christie’s International Real Estate after a 32-year career with Berkshire Hathaway, according to the company. Continue reading

Berkshire Hathaway HomeServices unveils updated branding

The company refreshes its brand identity for the main franchise and luxury brands ahead of its 10th anniversary. The new look will roll out through a phased approach starting this week, the company said. Continue reading

Long & Foster expands to South Carolina’s Lowcountry

The HomeServices of America subsidiary has more than 9,000 agents in over 200 offices in Washington, D.C., and 7 states along the East Coast, from South Carolina to New Jersey. Continue reading