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When a jury found that the National Association of Realtors and Berkshire Hathaway‘s (BRK.B 1.21%) (BRK.A 1.15%) HomeServices of America had colluded to keep real estate broker fees high, there was a $1.8 billion price to pay. But the impact may be much bigger than that for the industry.
In this video, Travis Hoium covers Buffett’s sprawling real estate brokerage and services business and shows why it may have some rough days ahead.
*Stock prices used were end-of-day prices of Nov. 9, 2023. The video was published on Nov. 13, 2023.
Travis Hoium has positions in Berkshire Hathaway and Zillow Group. The Motley Fool has positions in and recommends Berkshire Hathaway, Redfin, and Zillow Group. The Motley Fool recommends the following options: short November 2023 $12 calls on Redfin. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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