Current:Home > ContactA Class Action Suit Could Upend The Entire Real Estate Industry -Bright Future Finance
A Class Action Suit Could Upend The Entire Real Estate Industry
View
Date:2025-04-12 01:09:24
If you have ever bought a home, or are thinking about buying one, you know it can be expensive. For most people a home is the most expensive purchase they will ever make.
But selling a home can be expensive too. In part, that's because of the commissions real estate agents collect when a home is sold.
Depending on the price of the home commissions can be tens of thousands of dollars.
A class action lawsuit brought by a group of Missouri home sellers against the National Association of Realtors argues that these fees hurt consumers by artificially inflating home prices.
This past week, a federal jury awarded the home sellers $1.8 billion dollars.
Adrian Ma and Wailin Wong, co-hosts of NPR's The Indicator, breakdown how that decision could change the entire real estate industry.
Email us at [email protected]
This episode was produced by Brittany Cronin, with engineering by Ko Takasugi-Czernowin. It was fact-checked by Sierra Juarez and edited by Kate Concannon and Jeanette Woods. Our executive producer is Sami Yenigun.
veryGood! (95781)
Related
- The White House is cracking down on overdraft fees
- Eggflation isn't over yet: Why experts say egg prices will be going up
- Customers wait up to 8 hours in In-N-Out drive-thru as chain's first Idaho location opens
- Nebraska priest and man accused of fatal stabbing had no connection, prosecutor says
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Suriname’s ex-dictator faces final verdict in 1982 killings of political opponents. Some fear unrest
- The EU’s drip-feed of aid frustrates Ukraine, despite the promise of membership talks
- Dog respiratory illness cases confirmed in Nevada, Pennsylvania. See map of impacted states.
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Arkansas Republican who wanted to suspend funds to libraries suing state confirmed to library board
Ranking
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- West African court orders Niger’s president to be released and reinstated nearly 5 months after coup
- ‘General Hospital’ actors win supporting honors at 50th annual Daytime Emmys
- What is wrong with Draymond Green? Warriors big man needs to harness control on court
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Why did Shohei Ohtani sign with the Dodgers? It's not just about the money: He wants to win
- Delta adds flights to Austin, Texas, as airlines compete in emerging hub
- The Best Gifts for Couples Who Have Run Out of Ideas
Recommendation
Questlove charts 50 years of SNL musical hits (and misses)
Hailee Steinfeld Has Pitch-Perfect Gift Ideas For Everyone On Your List
Family hopeful after FBI exhumes body from unsolved 1969 killing featured in Netflix’s ‘The Keepers’
Queen Camilla is making her podcast debut: What to know
McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
Messi's busy offseason: Inter Miami will head to Japan and Apple TV reveals new docuseries
Dodgers acquiring standout starter Tyler Glasnow from Rays — pending a contract extension
What's making us happy: A guide to your weekend viewing and listening