FDD Items 3 & 4 · 2025 filing
Intero Real Estate Services / Intero Resorts litigation history
What Intero Real Estate Services / Intero Resorts disclosed about lawsuits, arbitrations and bankruptcy in the 2025 Franchise Disclosure Document. Item 3 lists the material legal actions a franchisor must report; Item 4 covers bankruptcy. This is the franchisor's own disclosure, not a court record, and not legal advice.
Items 3 & 4 at a glance
What the filing discloses
- Cases disclosed
- 3
- Item 3, as counted in the filing
- Largest disclosed settlement
- $250.0M
- As stated in Item 3
- Bankruptcy (Item 4)
- None
- Franchisor, parent, predecessor or officer
- Filing year
- 2025
- Disclosures cover the prior ten years
Extracted from the 2025 Franchise Disclosure Document
Item 3: litigation
Three disclosed matters: (1) nationwide seller class action lawsuits against affiliates HSF and BHH (antitrust/commission conspiracy), settled for $250M with final approval Jan 2025; (2) Lutz buyer class action against HSF and BHH in S.D. Fla., motion to dismiss granted July 2025, third amended complaint pending; (3) Homie Technology antitrust suit against HomeServices/HSF, dismissed with prejudice July 2025. IFS itself is not named in any of these cases.
Disclosure signals that moved the score
How this shows up in the verdict
- Multiple active antitrust and commission-fixing lawsuits with jury verdict against parent companies creating ongoing legal/reputational risk and potential operational disruptions
The verdict grade is FranchiseVerdict's editorial assessment across SBA loan performance, unit growth, revenue and disclosure signals. It is not investment advice.
Before you weigh a lawsuit
How to read Item 3
A franchisor must disclose pending actions and any material civil action involving the franchise relationship, plus convictions or civil judgments for fraud, unfair or deceptive practices, or franchise-law violations, going back ten years. A case the franchisor brought against a franchisee counts too. Item 3 does not include every dispute: settled claims below the materiality line and matters resolved in private arbitration can be absent.
Questions worth asking current and former franchisees, using the contact list in Item 20:
- Were you, or anyone you know in the system, party to a dispute with the franchisor?
- Was it resolved by settlement, arbitration or a court, and on what terms?
- Has the number of disputes gone up or down since you signed?