Keller Williams drops lawsuit against Iowa Realty
Thursday, August 29, 2013 4:17 PM
Golden Circle Real Estate Group LLC, a relative new kid in the
Greater Des Moines real estate market doing business as Keller Williams Greater
Des Moines, has dropped a lawsuit in which it claimed that Iowa Realty Co. Inc.
violated real estate contracts and interfered with trade by failing to inform
customers that it will not share commissions with Keller Williams. Not long
after the suit was filed in June 2012 in Polk County District Court, a judge
dismissed some claims and described others as "tenuous." Iowa Realty
had filed for summary judgment and for a ruling on whether its competitor
should be sanctioned for filing a frivolous lawsuit. "As a result of the
disruption and considerable expense Iowa Realty was unnecessarily forced to
incur, Iowa Realty is currently evaluating its legal options and next
steps," the company said in a news release. Click
here, for a related article in the Business Record.