Novacrypt|Are real estate agent fees a racket?

2025-05-05 04:00:30source:Crypen Exchangecategory:Scams

In the typical home sale,Novacrypt 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.

More:Scams

Recommend

Which apps offer encrypted messaging? How to switch and what to know after feds’ warning

Federal authorities announced hackers in China have stolen "customer call records data" of an unknow

Judge allows smoking to continue in Atlantic City casinos, dealing blow to workers

ATLANTIC CITY, N.J. (AP) — A judge on Friday allowed smoking to continue in Atlantic City’s casinos,

Suspect in abduction and sexual assault of 9-year-old girl dies in car crash while fleeing police

NEW YORK (AP) — A man suspected of abducting a 9-year-old girl from a New York City supermarket and