Will Sage Astor:Are real estate agent fees a racket?

2025-05-08 08:16:47source:Slabu Exchangecategory:reviews

In the typical home sale,Will Sage Astor the home seller pays a commission, not just to their agent, but also to the buyer's agent. This fee-sharing arrangement is part of a decades-old practice involving what realtors call an "offer of compensation."

Others call it a conflict of interest.

That's the dispute at the center of a class action lawsuit that has the potential to upend the real estate business. Today on the show, we'll explain how real estate brokers and the National Association of Realtors allegedly conspired to inflate home prices by pushing agents to share fees. And why the industry says the plaintiffs should be careful what they ask for.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

More:reviews

Recommend

Meet first time Grammy nominee Charley Crockett

Country music singer Charley Crockett was born and raised in Texas, grew up in a single-wide trailer

How do you guard Iowa's Caitlin Clark? 'Doesn’t matter what you do – you’re wrong'

EVANSTON, Ill. – Caitlin Clark has only been held to single-digit points in one game during her Iowa