Current:Home > MyA Class Action Suit Could Upend The Entire Real Estate Industry -ApexWealth
A Class Action Suit Could Upend The Entire Real Estate Industry
View
Date:2025-04-12 17:40:14
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! (84)
Related
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Federal judge grants injunction banning ‘Kansas Two-Step’ Highway Patrol tactic
- Dog sniffs out 354 pounds of meth hidden in pickup truck at U.S. border
- People are talking to their dead loved ones – and they can't stop laughing. It's a refreshing trend.
- Trump's 'stop
- For some Americans, affording rent means giving up traveling home for the holidays
- NBA, NHL and MLB unveil a 30-second ad promoting responsible sports betting
- Gaza health officials say they lost the ability to count dead as Israeli offensive intensifies
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- How gratitude improves your relationships and your future
Ranking
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- India, Australia commit to boosting strategic ties as their diplomats and defense chiefs hold talks
- Right-wing populist Javier Milei wins Argentina's presidency amid discontent over economy
- Abortion access protection, assault weapons ban to be heard in Virginia’s 2024 legislative session
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- NFL power rankings Week 12: Eagles, Chiefs affirm their place at top
- Fund to compensate developing nations for climate change is unfinished business at COP28
- Powerball winning numbers for Nov. 20 drawing: Jackpot rises over $300 million
Recommendation
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Hailey Bieber Recreates Gigi Hadid's Famous Pasta Recipe During Date Night With Justin Bieber
A Northern California man has been convicted of murder in the beheading of his girlfriend last year
Chicago prepares for Macy's parade performance, summer tour with EWF: 'We're relentless'
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
Lionel Messi draws Brazilian fans to what could be the Argentine great’s last match in Rio
Trump, 77, issues letter lauding his health and weight loss on Biden's 81st birthday
Anti-abortion groups shrug off election losses, look to courts, statehouses for path forward