CB Richard Ellis Settle Discrimination Lawsuit
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While residential real estate sales have always been open to both men and women the world of commercial real estate has been a masculine bastion. With the settlement of a lawsuit that CB Richard Ellis has agreed to, the doors to women in commercial real estate may be opened just a little bit.
CB Richard Ellis were the subject of a class action lawsuit claiming that a pattern of sexual harassment occurred across the company. Now the payouts for any woman employee will range from $1,500 to $150,000. Of course the lawyers are the ones that really made out clearing over 3.4 million.
While this looks like the opportunity for CB Richard Ellis to clear the decks of a distraction, it also has the potential to open the doors to women in the world of commercial real estate a little wider.
Women who say they were subject to sexual harassment or discrimination can recover $1,500 without revealing their identities to the company if they prove their claims to an arbiter approved by both parties.
A second tier of claimants can collect as much as $15,000 by submitting paperwork to the arbiter, but their names must be disclosed to CB Richard Ellis, which may file documents disputing the claims.
Claimants in the third tier could collect as much as $150,000 but would be subject to full arbitration hearings with witnesses. The process is expected to be completed next year. Los Angeles Times.
It probably is a really good time to buy real estate - monthly payments are about equal to market rents ...
The part about the inventory is right on but in my area they are mostly low end and beat up ...
I worked for this man, he is a great con man and has done this in more than States then ...
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Maybe it was kryptonite...
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I couldn't agree more.
The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
By the way, homeowners trying to get short sale approval should be aware that lenders are comparing the initial loan ...
Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
well, the guy was here illegally.
serves him right. 
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