Keller Williams reached a settlement in the Mcfarlane suit, resolving breach-of-contract lawsuits connected to its profit-sharing program changes, confirming amicable resolution.
The lawsuit stemmed from Keller Williams' announcement to reduce profit-share distribution for former agents from 100% to 5%, causing a surge in legal challenges.
The cut in profit share was set to be implemented in July 2024 but was rescinded in May following internal decision-making by the IALC.
Agents in the Keller Williams profit-sharing program benefit based on their contributions to the market center's business, impacting their share of profits.
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