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LOS ANGELES (AP) — One of the nation's largest real estate brokerages has agreed to pay $70 million as part of a proposed settlement to resolve more than a dozen lawsuits across the country over agent commissions. In October, a federal jury in Missouri found that the National Association of Realtors and several large real estate brokerages, including Keller Williams, conspired to require that home sellers pay homebuyers' agent commission in violation of federal antitrust law. More than a dozen similar lawsuits are pending against the real estate brokerage industry. Two other large real estate brokerages agreed to similar settlement terms last year. In their respective pacts, Anywhere Real Estate Inc. agreed to pay $83.5 million, while Re/Max agreed to pay $55 million.
Persons: brokerages, , Michael Ketchmark, Keller Williams, homebuyers, , ” Gary Keller, Max Organizations: ANGELES, Keller Williams Realty Inc, National Association of Realtors, Inc Locations: Illinois, Missouri, Austin , Texas
I invested in real estate, started a small business, and ultimately became a millionaire at age 37. "Rich Dad, Poor Dad," by Robert KiyosakiBiggest lesson: Wealth is more about time than money. This new mindset inspired me to pursue more passive income streams, like my website and real estate business. "The Millionaire Real Estate Investor," by Gary KellerBiggest lesson: Money amplifies who you already are. In "The Millionaire Real Estate Investor," he argues that money doesn't make people evil.
Persons: I've, Rich Dad, Dad, Robert Kiyosaki, Michael E, Gerber, Gary Keller, Keller, Keller Williams, doesn't, Randy Pausch
He shared with Insider six books that helped him get started in his real estate journey. In an interview with Insider, Adesada mentioned six specific books that helped him get started on his journey to financial freedom through real estate investing. "So by the end of that exercise, I had started developing a plan to buy my second property." Adesada hired her team based on the strategies in "Long-Distance Real Estate Investing" by David Greene, which instructed investors to choose "rockstar real estate agents" for markets outside of their local area. "It's really all the information you need to run a successful real estate property management company — not just own a property or two," he explained.
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