Surfwin-Are real estate agent fees a racket?

2025-05-01 07:28:35source:Thomas Caldwellcategory:Contact

In the typical home sale,Surfwin 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:Contact

Recommend

51-year-old Andy Macdonald puts on Tony Hawk-approved Olympic skateboard showing

If you grew up on the X-Games, "Tony Hawk's Pro Skater" or maybe even picked up a board yourself, An

The Supreme Court won’t allow Florida to enforce its new law targeting drag shows during appeal

WASHINGTON (AP) — The Supreme Court said Thursday it will not allow Florida to enforce its new law t

Rep. George Santos won’t seek reelection after scathing ethics report cites evidence of lawbreaking

WASHINGTON (AP) — The House Ethics committee in a scathing report Thursday said it has amassed “over