(Source: The Washington Post By Kenneth R. Harney) – The settlement of a major class-action lawsuit is shedding new light on a controversial real estate practice that home buyers and sellers typically know little about: fees paid to real estate brokers and agents for promoting home warranty policies.The case involves potentially thousands of home buyers and sellers who purchased warranty coverage from American Home Shield between May 2008 and March of this year. American Home Shield is the dominant player in the home warranty field, with sales of $657 million in 2010, according to the company. Home warranty policies offer repairs and replacements for owners when specified home systems and appliances malfunction.

Source: The Washington Post By Kenneth R. Harney

Friday, July 1, 5:19 AM

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