One of the main international operators and franchisors of real estate brokerages faces a national class-action court case charging it offered health insurance to U.S. agents and brokers that in some cases turned out to provide no reporting.
The ensemble was filed Friday in U.S. District Court for Nevada against Realogy Corp. of Parsippany, N.J., which has brokerages under the Century 21, Coldwell Banker, Coldwell Banker Commercial, and ERA, Sotheby’s International Realty and Better Homes and Gardens Real Estate brands. Underneath these brands, there are some 14,700 franchised and company-owned offices with about 267,000 sales acquaintances.
Friday’s court case says that in July 2007, Realogy sponsored major medical and limited-benefit health indemnity programs and then marketed them to some 250,000 brokers, sales acquaintances and their families.
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