Current:Home > NewsA Class Action Suit Could Upend The Entire Real Estate Industry -WealthSphere Pro
A Class Action Suit Could Upend The Entire Real Estate Industry
View
Date:2025-04-18 11:50:26
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! (9324)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Republicans see an opportunity with Black voters, prompting mobilization in Biden campaign
- This one thing is 'crucial' to win Super Bowl for first time in decades, 49ers say
- Thousands march against femicide in Kenya following the January slayings of at least 14 women
- A South Texas lawmaker’s 15
- Trump's lawyer questioned one of E. Jean Carroll's books during his trial. Copies are now selling for thousands.
- A COVID-era program is awash in fraud. Ending it could help Congress expand the child tax credit
- Avian flu is devastating farms in California’s ‘Egg Basket’ as outbreaks roil poultry industry
- Nevada attorney general revives 2020 fake electors case
- 93 Americans died after cosmetic surgery in Dominican Republic over 14-year period, CDC says
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- In a Steel Town Outside Pittsburgh, an Old Fight Over Air Quality Drags On
- What is UNRWA, the main aid provider in Gaza that Israel accuses of militant links?
- Hayden Panettiere Shares a Rare Look Inside Her Family World With Daughter Kaya
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Texas border standoff: What to know about Eagle Pass amid state, federal dispute
- Climate activists throw soup at the glass protecting Mona Lisa as farmers’ protests continue
- Justin Timberlake tour: What to know about his fan club TN Kids, other presale events
Recommendation
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
Royal Rumble winner Cody Rhodes agrees that Vince McMahon lawsuit casts 'dark cloud' over WWE
Sinner rallies from 2 sets down to win the Australian Open final from Medvedev, clinches 1st major
Vince McMahon resigns from WWE after allegations of sexual assault
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
New Hampshire vet admits he faked wheelchair use for 20 years, falsely claiming $660,000 in benefits
New Hampshire vet admits he faked wheelchair use for 20 years, falsely claiming $660,000 in benefits
Sinner rallies from 2 sets down to win the Australian Open final from Medvedev, clinches 1st major