152:
2762:
2068:
2788:
2775:
27:
330:
The number of plaintiffs in the class-action lawsuit included sellers of over 260,000 homes in
Illinois, Missouri, and Kansas. They raised concerns about the high commissions they were obligated to pay to the home buyers' brokers between 2015 and 2022. The trial lasted two weeks, after which the jury
316:
On
November 1, 2023, a federal jury in Kansas City, Missouri, found Berkshire Hathaway and the National Association of Realtors liable to pay $ 1.78 billion in damages. The verdict came as the
963:
793:
327:
According to the jury in Kansas City, the manipulation resulting in inflated commissions caused an artificial rise in mortgage rates and property prices in the housing market.
2814:
886:
678:
331:
awarded the plaintiffs $ 1.78 billion in damages. The defendants in the lawsuit included
Berkshire-owned HomeServices of America and its two subsidiaries, along with
2824:
660:
231:
In 2012, the company acquired real estate brokerage firms from
Prudential and Real Living and rebranded Prudential Real Estate to Berkshire Hathaway HomeServices.
218:
In 1999, MidAmerican renamed its brokerage business HomeServices and acquired
Semonin Realtors, operating in Louisville, and Long Realty, operating in Arizona.
830:
734:
604:
274:
251:
In July 2015, the company acquired
Prudential Centennial Realty, operating in Westchester County, and First Weber, the largest residential brokerage in
2829:
1185:
424:
922:
904:
867:
1209:
772:
849:
753:
941:
697:
2746:
1065:
623:
561:
959:
1429:
1289:
1160:
1122:
270:
1123:"NAR, Keller Williams, HomeServices of America found guilty of conspiring to inflate commissions - Chicago Agent Magazine National News"
2701:
2046:
1090:
1247:
2819:
2207:
2844:
2839:
2716:
716:
2106:
2706:
1464:
164:
is the United States' largest residential real estate services company, based on closed transactions. The company provides
868:"Berkshire Hathaway HomeServices Signs Marketing Agreement with Juwai.com, China's Largest International Property Portal"
387:
363:
2731:
2529:
2212:
812:
1282:
1146:
321:
1227:
537:
945:
853:
701:
627:
409:
2686:
2666:
2131:
2792:
1384:
605:"HomeServices of America, Inc. Announces Acquisition of Prudential Fox & Roach, Realtors®/Trident Group"
2696:
2640:
2245:
1424:
1361:
584:
2834:
2645:
2635:
2202:
2072:
1533:
1275:
1030:
679:"HomeServices of America, Inc. Announces Acquisition of Silicon Valley–based Intero Real Estate Services"
343:
405:
2302:
2192:
2028:
1907:
1705:
1576:
1528:
1419:
324:, were found guilty of manipulating and artificially inflating the commissions on numerous home sales.
2250:
2147:
2099:
1867:
1518:
735:"Berkshire Hathaway HomeServices New England Properties Acquires Westchester County Brokerage Leader"
512:
448:
305:
278:
129:
342:. According to media sources, the awarded damages could be tripled to more than $ 5.3 billion under
265:
In April 2017, the company acquired Gloria Nilson & Co. Real Estate, a residential brokerage in
2162:
1943:
1783:
1399:
816:
151:
2778:
2444:
2333:
2182:
2052:
1856:
1571:
1454:
477:
2544:
2504:
2270:
1999:
1710:
1511:
985:
332:
65:
258:
In
January 2017, the company acquired Houlihan Lawrence, the largest residential brokerage in
2605:
2585:
2559:
2549:
2509:
2377:
2338:
2240:
2197:
2187:
2172:
2152:
1566:
1369:
1326:
698:"Done deal: Buffett's Berkshire finalizes acquisition of Intero to cash in on Silicon Valley"
185:
165:
2766:
2519:
2449:
2312:
2255:
2177:
2167:
2157:
2092:
1832:
1479:
831:"HomeServices of America® Announces the Acquisition of Gloria Nilson & Co. Real Estate"
1248:"Realtors found liable in conspiracy to keep commissions for home sales artificially high"
234:
In August 2013, the company acquired
Prudential Fox & Roach, Realtors®/Trident Group.
8:
2676:
2499:
2494:
2328:
2233:
2228:
1902:
1523:
1232:
228:
In 2006, the company acquired
Atlanta-based real estate brokerage Harry Norman Realtors.
2726:
2600:
2554:
2534:
2367:
2348:
2290:
2265:
1912:
1812:
1614:
1550:
1469:
1306:
1298:
368:
259:
237:
In
November 2013, the company acquired Prudential Rubloff Properties, operating in the
222:
201:
197:
193:
107:
1186:"Missouri jury finds Realtors, brokerages guilty of conspiring to inflate commissions"
1161:"Realtors, brokerages ordered to pay $ 1.8B in damages in commission collusion ruling"
661:"HomeServices of America, Inc. Announces Acquisition of Prudential Rubloff Properties"
2630:
2439:
2422:
2382:
2307:
2297:
2275:
2260:
1981:
1840:
1822:
1768:
1746:
1599:
1501:
1203:
589:
339:
1066:"US jury finds realtors liable for inflating commissions, awards $ 1.78 bln damages"
494:
473:
2650:
2625:
2524:
2466:
2427:
2387:
2036:
1963:
1890:
1773:
1609:
1351:
569:
288:
215:
In 1998, AmerUs Home Services was acquired by MidAmerican Energy Holdings Company.
87:
26:
2514:
2461:
2041:
1975:
1675:
1545:
1336:
391:
177:
2741:
2721:
2681:
2620:
2402:
2372:
2022:
1730:
1720:
1660:
1652:
1622:
1486:
1316:
1006:
317:
245:
124:
75:
1091:"Jury Awards $ 1.78 Billion In Damages In Realtors' Commission Inflation Case"
2808:
2539:
2471:
2456:
2285:
1850:
1791:
1761:
1647:
1459:
1228:"Jury awards $ 1.8B in realty case that could shake up brokerage commissions"
926:
908:
871:
834:
738:
682:
664:
608:
189:
169:
244:
In May 2014, the company acquired Intero Real Estate Services, operating in
2711:
2610:
2595:
2569:
2392:
2358:
2005:
1885:
1670:
1665:
1538:
1496:
1414:
1346:
1331:
757:
720:
301:
91:
754:"HomeServices of America buys First Weber, biggest brokerage in Wisconsin"
297:
In 2020, they originated 43,683 mortgages with a value of $ 13.8 billion.
294:
In 2018, the company acquired North Texas real estate firm Ebby Halliday.
2736:
2590:
2412:
2407:
2280:
2115:
1993:
1895:
1751:
1715:
1147:"Realtors found liable for $ 1.8 billion in real estate commissions case"
942:"Long & Foster acquired by Buffett affiliate HomeServices of America"
642:
173:
95:
37:
2691:
2564:
1969:
1922:
1756:
1627:
1449:
266:
1917:
1817:
1341:
1321:
1267:
565:
498:
252:
83:
2671:
2615:
2417:
2343:
2126:
1938:
1875:
1491:
1474:
923:"HomeServices of America® Acquires The Long & Foster Companies"
79:
1725:
1374:
890:
887:"Buffett's Berkshire, Chinese property website Juwai.com team up"
797:
238:
585:"Berkshire Hathaway to shake up real estate franchise landscape"
284:
In June 2017, Robert Moline, president of the company, retired.
140:
2476:
1987:
1506:
1409:
1394:
813:"Berkshire Hathaway is betting big on New York — will it work?"
777:
646:
181:
2084:
2432:
1845:
1404:
960:"It's Official, Warren Buffett Buys Ebby Halliday Companies"
794:"Berkshire Hathaway unit buys big NYC-area real estate firm"
320:–led brand, Berkshire Hathaway HomeServices, along with the
2397:
1796:
1700:
773:"Warren Buffett Can't Buy Real Estate Agencies Fast Enough"
474:"Investors Led by Buffett to Buy Iowa's MidAmerican Energy"
425:"Industry Watch: HomeServices.com Moves into the Spotlight"
212:
The company traces its roots to AmerUs Home Services Inc.
1604:
905:"HomeServices of America® Announces Executive Retirement"
717:"HomeServices buys Silicon Valley real estate brokerage"
643:"Berkshire Hathaway Unit Buys RE Broker Prudential Fox"
338:
The lead lawyer for the plaintiffs in this lawsuit was
850:"HomeServices' latest deal takes it to Jersey Shore"
472:
Lipin, Steven; Miller, James P. (October 25, 1999).
269:. The company also formed a strategic alliance with
2815:
Real estate services companies of the United States
1064:Scarcella, Mike; Stempel, Jonathan (2023-10-31).
562:"Warren Buffett buys Prudential real estate unit"
2825:Financial services companies established in 1998
2806:
1063:
695:
538:"HomeServices buys Atlanta real estate company"
1184:Kleimann, Brooklee Han, Sarah Wheeler, James.
225:acquired MidAmerican Energy Holdings Company.
2747:List of housing markets by real estate prices
2100:
1283:
513:"Warren Buffett buying Harry Norman Realtors"
388:"What America's Homes Need Is A Conglomerate"
1208:: CS1 maint: multiple names: authors list (
624:"Fox & Roach finally gets its new name"
471:
2787:
2107:
2093:
1290:
1276:
281:Chinese buyers looking to purchase homes.
150:
25:
2830:Real estate companies established in 1998
770:
696:Donato-Weinstein, Nathan (May 13, 2014).
582:
621:
361:
287:In September 2017, the company acquired
16:Residential real estate services company
1381:Berkshire Hathaway Homestate Companies
1031:"Minnesota firm acquires Hegg Realtors"
939:
884:
791:
640:
622:Kostelni, Natalie (November 12, 2013).
2807:
1592:
1391:Berkshire Hathaway Specialty Insurance
1297:
1088:
847:
792:Stempel, Jonathan (January 17, 2017).
771:Schiffman, Betsy (November 17, 2015).
751:
714:
422:
364:"MidAmerican to Buy Real Estate Group"
2088:
1271:
1221:
1219:
1116:
1114:
1112:
1110:
1059:
1057:
1055:
1053:
1051:
583:Sichelman, Lew (September 20, 2013).
406:"Edina Realty sold to energy company"
385:
2774:
1465:International Metalworking Companies
1225:
1183:
1120:
885:Stempel, Jonathan (April 17, 2017).
810:
1903:Kern River Gas Transmission Company
966:from the original on 25 August 2019
940:Gilgore, Sara (September 7, 2017).
13:
2732:Undergraduate real estate programs
1216:
1107:
1048:
14:
2856:
2530:Investment rating for real estate
811:Hall, Miriam (January 19, 2017).
641:Simpson, Jake (August 15, 2013).
2786:
2773:
2761:
2760:
2067:
2066:
1226:Mark, Julian (31 October 2023).
362:SALPUKAS, AGIS (April 7, 1998).
322:National Association of Realtors
2114:
1240:
1177:
1153:
1139:
1082:
1023:
999:
978:
952:
946:American City Business Journals
933:
915:
897:
878:
860:
854:American City Business Journals
841:
823:
804:
785:
764:
745:
727:
708:
702:American City Business Journals
689:
671:
653:
634:
628:American City Business Journals
615:
597:
576:
554:
410:American City Business Journals
311:
2820:Companies based in Minneapolis
2687:Graduate real estate education
2132:Tertiary sector of the economy
1089:Medium, Seattle (2023-11-02).
848:Reilly, Mark (April 5, 2017).
530:
505:
487:
465:
441:
416:
398:
379:
355:
1:
2845:Property management companies
2840:American real estate websites
1697:Berkshire Hathaway Automotive
1385:Kansas Bankers Surety Company
752:Buchta, Jim (July 28, 2015).
386:Kerch, Steve (May 24, 1998).
349:
2641:Real estate investment trust
2246:Extraterrestrial real estate
1425:Berkshire Hathaway Assurance
715:Buchta, Jim (May 13, 2014).
7:
2646:Real property administrator
2636:Real estate investment club
344:United States antitrust law
277:portal, offering access to
49:; 26 years ago
10:
2861:
2303:Private equity real estate
1908:MidAmerican Energy Company
1706:FlightSafety International
1577:RC Willey Home Furnishings
1420:National Indemnity Company
1121:Mack, Emily (2023-10-31).
986:"Prosperity Home Mortgage"
517:Atlanta Business Chronicle
423:Dooley, Tom (2011-04-28).
207:
2755:
2659:
2578:
2485:
2357:
2321:
2251:International real estate
2221:
2140:
2122:
2062:
2015:
1952:
1931:
1866:
1831:
1805:
1782:
1739:
1690:
1640:
1585:
1559:
1519:Precision Castparts Corp.
1440:
1360:
1305:
1007:"Edina Realty Fact Sheet"
306:Sioux Falls, South Dakota
279:high-net-worth individual
135:
130:Berkshire Hathaway Energy
123:
113:
103:
71:
61:
43:
33:
24:
1944:Oriental Trading Company
1455:Benjamin Moore & Co.
1400:Central States Indemnity
495:"Buffett gets energetic"
453:Phoenix Business Journal
304:subsidiary, it acquired
2445:Real estate transaction
2334:Real estate development
2053:Becoming Warren Buffett
2029:Poor Charlie's Almanack
1881:HomeServices of America
1857:World Book Encyclopedia
1572:Nebraska Furniture Mart
483:(subscription required)
478:The Wall Street Journal
375:(subscription required)
162:HomeServices of America
20:HomeServices of America
2545:Real estate derivative
2505:Effective gross income
2271:Healthcare real estate
1512:Union Tank Car Company
1127:Chicago Agent Magazine
449:"Long Realty acquired"
333:Keller Williams Realty
308:-based Hegg Realtors.
66:Minneapolis, Minnesota
2702:Industry trade groups
2606:Exclusive buyer agent
2560:Real estate valuation
2550:Real estate economics
2510:Gross rent multiplier
2339:Real estate investing
2241:Corporate Real Estate
1370:Alleghany Corporation
1327:Howard Graham Buffett
300:In 2022, through its
166:real estate brokerage
2520:Highest and best use
2486:Economics, financing
2450:Real estate contract
2344:Real estate flipping
2313:Residential property
2256:Lease administration
2208:United Arab Emirates
929:. September 7, 2017.
667:. November 12, 2013.
99:Corporate relocation
2500:Capitalization rate
2495:Asset-based lending
2329:Property management
2234:Commercial building
2229:Commercial property
1619:Vanity Fair Brands
1524:Carlton Forge Works
1233:The Washington Post
1165:www.bizjournals.com
1035:SiouxFalls.Business
572:. October 30, 2012.
501:. October 25, 1999.
202:relocation services
115:Number of employees
21:
2835:Berkshire Hathaway
2727:Real estate trends
2631:Real estate broker
2601:Chartered Surveyor
2555:Real estate bubble
2535:Mortgage insurance
2368:Adverse possession
2291:Luxury real estate
2266:Garden real estate
1913:Northern Powergrid
1813:Ben Bridge Jeweler
1567:Jordan's Furniture
1551:Mouser Electronics
1470:ISCAR Metalworking
1299:Berkshire Hathaway
1095:The Seattle Medium
611:. August 14, 2013.
369:The New York Times
273:, China's largest
260:Westchester County
223:Berkshire Hathaway
198:casualty insurance
194:property insurance
108:Berkshire Hathaway
19:
2802:
2801:
2440:Property abstract
2423:Land registration
2383:Concurrent estate
2308:Real estate owned
2298:Off-plan property
2276:Vacation property
2261:Niche real estate
2082:
2081:
1982:Coca-Cola Company
1955:company ownership
1891:Long & Foster
1841:Campbell Hausfeld
1823:Helzberg Diamonds
1769:The Pampered Chef
1747:CTB International
1686:
1685:
1600:Fruit of the Loom
1502:Marmon-Herrington
925:(Press release).
907:(Press release).
874:. April 17, 2017.
870:(Press release).
833:(Press release).
737:(Press release).
681:(Press release).
663:(Press release).
607:(Press release).
590:Los Angeles Times
340:Michael Ketchmark
289:Long & Foster
275:overseas property
159:
158:
2852:
2790:
2789:
2777:
2776:
2764:
2763:
2707:Investment firms
2626:Property manager
2525:Home equity loan
2428:Leasehold estate
2388:Conditional sale
2109:
2102:
2095:
2086:
2085:
2070:
2069:
2037:Blue Chip Stamps
1964:American Express
1932:Other businesses
1610:Russell Athletic
1590:
1589:
1352:Walter Scott Jr.
1292:
1285:
1278:
1269:
1268:
1263:
1262:
1260:
1259:
1244:
1238:
1237:
1223:
1214:
1213:
1207:
1199:
1197:
1196:
1181:
1175:
1174:
1172:
1171:
1157:
1151:
1150:
1143:
1137:
1136:
1134:
1133:
1118:
1105:
1104:
1102:
1101:
1086:
1080:
1079:
1077:
1076:
1061:
1046:
1045:
1043:
1042:
1027:
1021:
1020:
1018:
1017:
1003:
997:
996:
994:
992:
982:
976:
975:
973:
971:
956:
950:
949:
937:
931:
930:
919:
913:
912:
911:. June 21, 2017.
901:
895:
894:
882:
876:
875:
864:
858:
857:
845:
839:
838:
837:. April 4, 2017.
827:
821:
820:
808:
802:
801:
789:
783:
782:
768:
762:
761:
749:
743:
742:
731:
725:
724:
712:
706:
705:
693:
687:
686:
675:
669:
668:
657:
651:
650:
638:
632:
631:
619:
613:
612:
601:
595:
594:
580:
574:
573:
570:Associated Press
558:
552:
551:
549:
548:
534:
528:
527:
525:
524:
509:
503:
502:
491:
485:
484:
481:
469:
463:
462:
460:
459:
445:
439:
438:
436:
435:
429:Realtor Magazine
420:
414:
413:
412:. April 6, 1998.
402:
396:
395:
383:
377:
376:
373:
359:
155:
154:
147:
144:
142:
57:
55:
50:
29:
22:
18:
2860:
2859:
2855:
2854:
2853:
2851:
2850:
2849:
2805:
2804:
2803:
2798:
2751:
2655:
2574:
2515:Hard money loan
2487:
2481:
2462:Rent regulation
2353:
2317:
2217:
2136:
2118:
2113:
2083:
2078:
2058:
2042:Wesco Financial
2011:
1976:Bank of America
1956:
1954:
1948:
1927:
1862:
1827:
1801:
1778:
1735:
1682:
1676:Tony Lama Boots
1636:
1581:
1555:
1546:Shaw Industries
1442:
1436:
1430:GUARD Insurance
1356:
1337:David Gottesman
1308:
1301:
1296:
1266:
1257:
1255:
1246:
1245:
1241:
1224:
1217:
1201:
1200:
1194:
1192:
1182:
1178:
1169:
1167:
1159:
1158:
1154:
1145:
1144:
1140:
1131:
1129:
1119:
1108:
1099:
1097:
1087:
1083:
1074:
1072:
1062:
1049:
1040:
1038:
1029:
1028:
1024:
1015:
1013:
1005:
1004:
1000:
990:
988:
984:
983:
979:
969:
967:
962:. 4 June 2018.
958:
957:
953:
938:
934:
921:
920:
916:
903:
902:
898:
883:
879:
866:
865:
861:
846:
842:
829:
828:
824:
809:
805:
790:
786:
769:
765:
750:
746:
741:. July 1, 2015.
733:
732:
728:
713:
709:
694:
690:
685:. May 13, 2014.
677:
676:
672:
659:
658:
654:
639:
635:
620:
616:
603:
602:
598:
581:
577:
560:
559:
555:
546:
544:
536:
535:
531:
522:
520:
511:
510:
506:
493:
492:
488:
482:
470:
466:
457:
455:
447:
446:
442:
433:
431:
421:
417:
404:
403:
399:
392:Chicago Tribune
384:
380:
374:
360:
356:
352:
314:
210:
190:home warranties
178:title insurance
149:
139:
116:
98:
94:
86:
82:
78:
53:
51:
48:
17:
12:
11:
5:
2858:
2848:
2847:
2842:
2837:
2832:
2827:
2822:
2817:
2800:
2799:
2797:
2796:
2793:List of topics
2783:
2770:
2756:
2753:
2752:
2750:
2749:
2744:
2742:Urban planning
2739:
2734:
2729:
2724:
2722:Property cycle
2719:
2714:
2709:
2704:
2699:
2694:
2689:
2684:
2682:Gentrification
2679:
2674:
2669:
2663:
2661:
2657:
2656:
2654:
2653:
2648:
2643:
2638:
2633:
2628:
2623:
2621:Moving company
2618:
2613:
2608:
2603:
2598:
2593:
2588:
2582:
2580:
2576:
2575:
2573:
2572:
2567:
2562:
2557:
2552:
2547:
2542:
2537:
2532:
2527:
2522:
2517:
2512:
2507:
2502:
2497:
2491:
2489:
2483:
2482:
2480:
2479:
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2047:Owned assets
2027:
1953:Major public
1886:Edina Realty
1880:
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1833:Scott Fetzer
1711:Forest River
1671:Nocona Boots
1666:Justin Boots
1539:Wyman-Gordon
1443:construction
1415:MedPro Group
1347:Ronald Olson
1332:Susan Decker
1256:. Retrieved
1254:. 2023-11-01
1252:ABC7 Chicago
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1037:. 2022-01-11
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302:Edina Realty
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2116:Real estate
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1896:RealtySouth
1752:Dairy Queen
1716:Marquis Jet
1190:HousingWire
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174:franchising
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2692:Green belt
2565:Remortgage
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1923:PacifiCorp
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1450:Acme Brick
1258:2023-11-03
1195:2023-11-03
1170:2023-11-03
1132:2023-11-03
1100:2023-11-03
1075:2023-11-03
1041:2022-01-11
1016:2022-01-11
547:2022-02-28
523:2022-02-28
458:2019-07-10
434:2019-07-10
350:References
267:New Jersey
188:services,
168:services,
2677:Filtering
2667:Companies
2586:Appraiser
2467:Severance
2163:Indonesia
1957:positions
1918:NV Energy
1868:BH Energy
1818:Borsheims
1560:Furniture
1362:Insurance
1342:Ajit Jain
1322:Greg Abel
1309:directors
566:USA Today
499:CNN Money
271:Juwai.com
253:Wisconsin
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84:Insurance
76:Brokerage
2767:Category
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1475:TaeguTec
1307:Board of
1204:cite web
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2579:Parties
2378:Closing
2322:Sectors
2016:Related
2000:Moody's
1806:Jewelry
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239:Chicago
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1395:BoatUS
970:9 June
778:Forbes
647:Law360
241:area.
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182:escrow
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2158:China
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1996:(27%)
1990:(32%)
1984:(10%)
1978:(12%)
1970:Apple
1966:(18%)
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1846:Ginsu
1784:Media
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1405:GEICO
542:Inman
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2008:(9%)
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1740:Food
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1210:link
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