Current:Home > FinanceChainkeen|Are real estate agent fees a racket? -WealthTrack
Chainkeen|Are real estate agent fees a racket?
Charles H. Sloan View
Date:2025-04-11 01:51:27
In the typical home sale,Chainkeen 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.
veryGood! (2)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Actor Cedric Beastie Jones Dead at 46
- Slovakia swears in a new Cabinet led by a populist ex-premier who opposes support for Ukraine
- Giving up on identity with Ada Limón
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Mobituaries: The final resting place of sports superstar Jim Thorpe
- Video shows Florida man finding iguana in his toilet: 'I don't know how it got there'
- In the time travel series 'Bodies,' one crime happens four times
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Former hospital director charged after embezzling $600,000 from charitable fund, police say
Ranking
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Bulgaria is launching the construction of 2 US-designed nuclear reactors
- NYU student, criticized and lost job offer for Israel-Hamas remarks, speaks out
- In Rhode Island, a hunt is on for the reason for dropping numbers of the signature quahog clam
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Denver Broncos safety Kareem Jackson's four-game unnecessary roughness suspension reduced
- Jewelry store customer trapped in locked room overnight in New York
- Police: Squatters in Nashville arrested, say God told them to stay at million-dollar home
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Iowans claiming $500,000 and $50,000 lottery prizes among scratch-off winners this month
Bobi, the world's oldest dog, dies at 31
UAW appears to be moving toward a potential deal with Ford that could end strike
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
A second Baltimore firefighter has died after battling rowhouse fire
USPS touts crackdown on postal crime, carrier robberies, with hundreds of arrests
Starbucks releases 12 new cups, tumblers, bottles ahead of the holiday season