Keller Williams settles lawsuits involving scrapped changes to profit-sharing program
Briefly

from www.housingwire.com4 months ago
Keller Williams reached a settlement regarding the profit-sharing program changes, resolving lawsuits from former agents after their profit share was drastically reduced from 100% to 5%.
www.housingwire.comhttps://www.housingwire.com/articles/keller-williams-settles-lawsuits-involving-scrapped-changes-to-profit-sharing-program/
The plaintiffs' counsel is collecting signed releases and intends to file a stipulation of dismissal by Nov. 5, 2024, finalizing the resolution of these lawsuits.
www.housingwire.comhttps://www.housingwire.com/articles/keller-williams-settles-lawsuits-involving-scrapped-changes-to-profit-sharing-program/
The brokerage initially announced the profit-share reduction in August 2023, causing discontent among agents, but rescinded the changes by May 2024 after backlash.
www.housingwire.comhttps://www.housingwire.com/articles/keller-williams-settles-lawsuits-involving-scrapped-changes-to-profit-sharing-program/
More than a dozen lawsuits were filed against Keller Williams by former agents due to the controversial profit-sharing restructuring, highlighting the tensions within the firm's community.
www.housingwire.comhttps://www.housingwire.com/articles/keller-williams-settles-lawsuits-involving-scrapped-changes-to-profit-sharing-program/
Read at www.housingwire.com
#keller-williams #profit-sharing #lawsuits #settlement
[
|
]