Keller Williams, one of San Antonio's largest real estate companies, is currently embroiled in a legal battle involving its profit-sharing program. The company faces a class-action lawsuit, with claims amounting to $250M in damages over alleged reductions in profit-sharing payments. This lawsuit is part of a broader wave of legal challenges within the real estate industry, highlighted by a recent settlement by another real estate giant in a commissions-related lawsuit. Meanwhile, a Warren Buffett-owned firm is navigating through ongoing litigation with $4.7B at stake. The lawsuit against Keller Williams not only seeks monetary compensation but also aims for a preliminary injunction to halt the distribution of profit share payments, potentially affecting former associates' earnings significantly.
Two former Keller Williams agents have sued the brokerage over profit share changes https://t.co/8KBQMYNr5a
Keller Williams Realty Inc. is facing a potential class-action lawsuit over changes to its profit-sharing program that could collectively cost former associates millions of dollars. https://t.co/oJTGIuAime https://t.co/viH7aOG0nB
One of the class-action suits seeks $250 million in damages while the other is asking the court for a preliminary injunction stopping Keller Williams from distributing profit share payments. https://t.co/pLm3yMyJin