Rubypoint|Are real estate agent fees a racket?

2025-05-01 03:50:09source:Rubypointcategory:Finance

In the typical home sale,Rubypoint 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:Finance

Recommend

Highlights from Trump’s interview with Time magazine

NEW YORK (AP) — Donald Trumpwas on the verge of backing a 16-week federal abortion banearlier this y

Judith Jamison, acclaimed Alvin Ailey American dancer and director, dead at 81

Judith Jamison, an acclaimed dancer and choreographer who for two decades was artistic director of t

Mike Tyson emerges as heavyweight champ among product pitchmen before Jake Paul fight

Mike Tyson puzzled fans with the T-shirt he wore when he walked onto a stage at the Apollo Theater i