Current:Home > MarketsA Class Action Suit Could Upend The Entire Real Estate Industry -PureWealth Academy
A Class Action Suit Could Upend The Entire Real Estate Industry
View
Date:2025-04-16 05:40:06
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! (5)
Related
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Venice Biennale titled ‘Foreigners Everywhere’ platforms LGBTQ+, outsider and Indigenous artists
- Kim Kardashian gives first interview since Taylor Swift album, talks rumors about herself
- How Eminem Is Celebrating 16 Years of Sobriety
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Vibrant and beloved ostrich dies after swallowing zoo staffer's keys, Kansas zoo says
- Legendary US Olympic gold medalist Michael Johnson set to launch track and field league
- Zendaya, Josh O’Connor and Mike Faist on the steamy love triangle of ‘Challengers’
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Oklahoma police say 10-year-old boy awoke to find his parents and 3 brothers shot to death
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- 11 inmates face charges related to an uprising at South Dakota prison
- Who do Luke Bryan, Ryan Seacrest think should replace Katy Perry on 'American Idol'?
- Here's how to load a dishwasher properly
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- You Might've Missed Henry Cavill's Pregnant Girlfriend Natalie Viscuso's My Super Sweet 16 Cameo
- Alligator on runway at MacDill Air Force Base in Florida captured, released into nearby river
- 10 Things from Goop's $78,626.99 Mother's Day Gift Guide We'd Actually Buy for Our Moms
Recommendation
SFO's new sensory room helps neurodivergent travelers fight flying jitters
Huge alligator parks itself on MacDill Air Force Base runway, fights officials: Watch
A surfing accident left him paralyzed and unable to breathe on his own. A few words from a police officer changed his life.
Rumer Willis Celebrates Her Mama Curves With New Message About Her Postpartum Body
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
South Carolina Senate wants accelerated income tax cut while House looks at property tax rebate
Delta Burke recalls using crystal meth for weight loss while filming 'Filthy Rich'
Someone fishing with a magnet dredged up new evidence in Georgia couple’s killing, officials say