{"id":5366,"date":"2024-04-01T15:26:35","date_gmt":"2024-04-01T15:26:35","guid":{"rendered":"https:\/\/frankbuysphilly.com\/more-legal-action-taken-against-keller-williams-profit-sharing-program\/"},"modified":"2024-04-01T15:26:35","modified_gmt":"2024-04-01T15:26:35","slug":"more-legal-action-taken-against-keller-williams-profit-sharing-program","status":"publish","type":"post","link":"https:\/\/frankbuysphilly.com\/more-legal-action-taken-against-keller-williams-profit-sharing-program\/","title":{"rendered":"More legal action taken against Keller Williams\u2019 profit-sharing program\u00a0"},"content":{"rendered":"
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A new class-action lawsuit was filed by a former agent against real estate brokerage Keller Williams <\/strong>(KW), contesting alterations made to the company\u2019s profit-sharing program. <\/p>\n There are now a total of five class-action lawsuits against KW challenging the company\u2019s profit-sharing program adjustments. Earlier in March, four agents<\/a> formerly affiliated with Keller Williams<\/a> \u2014 Jerri L. Moulder, David L. Bueker, Robert E. Hill and Kevin Ortiz \u2014 took legal action<\/a> against the real estate brokerage<\/a> by filing four separate class-action lawsuits.<\/p>\n On March 29, Edward Fordyce, who worked on and off with Keller Williams from 2019 to 2022, filed a complaint aiming for class-action status in the U.S. District Court for the Eastern District of Pennsylvania<\/strong> in Philadelphia. Allegations against KW include breach of contract, declaratory judgment and unjust enrichment. Fordyce\u2019s complaint challenges adjustments made to Keller Williams\u2019 profit-sharing program.<\/p>\n In February 2020<\/a>, KW introduced a more restrictive policy to its profit-sharing program. It stated that associates who joined the brokerage on or after April 1, 2020, and subsequently jumped to a competitor would lose their revenues from the company\u2019s lifelong revenue program. But that policy did not impact agents who joined before April 1, 2020.\u00a0<\/p>\n