Florida-based The Keyes Company/Illustrated Properties, which describes itself as the largest independent brokerage in the state, has reached an agreement to settle commission lawsuits filed by se inllers, according to a filing in federal court today.
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If the lawyers were in it “to protect the consumer” there would be no need for the “copycat lawsuits”. The rules have already changed nationally, there is nothing left to “fix”, this is clearly all about the money the lawyers will earn.
The fact that the same lawyer filed this suit right after the settlement of the original lawsuit shows me that the lawyer is not out for anything more than money to pad their own pocket. After the lawyer gets paid, the plaintiffs will end up with pennies on the dollar. The only people that ever win in a lawsuit are the lawyers. How do people not see this? I would love for the plaintiffs to see Mr. Ketchmark’s check from this lawsuit and compare it to their paychecks.
I don’t have any issues with the new rules. However, I do have an issue with copycat lawsuits. The DOJ should be investigating this law firm, not us. This is just sad! The world today is all about blaming someone else for their own mistakes. This law firms Greed is beyond measure.
If this law firm was truly about righting a wrong, then they would have been happy with the practice changes that have been implemented, but obviously it was not about that, it was all about Greed. Way to go guys.
When my father owned a small real estate company in Baltimore prior to any MLS or commission sharing, the commission to list your house to sell was around 5-7%. Where did it ever say there were 2 parts to that fee, one part for the buyer. It was all meant for sellers agent. If the sellers broker wanted to share the commission for help and assistance in selling
a property, that had nothing to do with buyers agency.