Current:Home > reviewsA Class Action Suit Could Upend The Entire Real Estate Industry -AssetScope
A Class Action Suit Could Upend The Entire Real Estate Industry
View
Date:2025-04-19 08:27:45
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! (476)
Related
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Who Were the Worst Climate Polluters in the US in 2021?
- Gambling, literally, on climate change
- A New Project in Rural Oregon Is Letting Farmers Test Drive Electric Tractors in the Name of Science
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- TikTok Just Became a Go-To Source for Real-Time Videos of Hurricane Ian
- Judge blocks a Florida law that would punish venues where kids can see drag shows
- Home prices dip, Turkey's interest rate climbs, Amazon gets sued
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Inside Clean Energy: Did You Miss Me? A Giant Battery Storage Plant Is Back Online, Just in Time for Summer
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Jonah Hill's Ex Sarah Brady Accuses Actor of Emotional Abuse
- Supreme Court kills Biden's student debt plan in a setback for millions of borrowers
- Inside Clean Energy: Did You Miss Me? A Giant Battery Storage Plant Is Back Online, Just in Time for Summer
- This was the average Social Security benefit in 2004, and here's what it is now
- Peter Thomas Roth Flash Deal: Get $133 Worth of Skincare for Just $43
- UPS workers facing extreme heat win a deal to get air conditioning in new trucks
- Ryan Gosling Proves He's Way More Than Just Ken With Fantastic Musical Performance
Recommendation
Small twin
Experts raised safety concerns about OceanGate years before its Titanic sub vanished
Hey Girl, You Need to Hear the Cute AF Compliment Ryan Gosling Just Gave Eva Mendes
Home Workout Brand LIT Method Will Transform the Way You Think About the Gym
Former Syrian official arrested in California who oversaw prison charged with torture
Western tribes' last-ditch effort to stall a large lithium mine in Nevada
U.S. Starbucks workers join in a weeklong strike over stores not allowing Pride décor
With affirmative action gutted for college, race-conscious work programs may be next
Like
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- After Two Decades of Controversy, the EPA Uses Its ‘Veto’ Power to Kill the Pebble Mine in Southwest Alaska
- A New Shell Plant in Pennsylvania Will Soon Become the State’s Second Largest Emitter of Volatile Organic Chemicals