Warren Buffett’s real estate brokerage agrees to $250 million commission settlement

HomeServices of America, the largest residential real estate brokerage in the United States and owned by Warren Buffett’s Berkshire Hathaway Energy, has agreed to settle a series of lawsuits that could change the way commissions are paid to real estate agents.

On Thursday, the brokerage signed off on adding $250 million to the mounting pile of damages won by home sellers who have successfully sued several brokerages and the National Association of Realtors over what they described as inflated commissions.