Current:Home > NewsA Class Action Suit Could Upend The Entire Real Estate Industry -Golden Summit Finance
A Class Action Suit Could Upend The Entire Real Estate Industry
View
Date:2025-04-12 03:34:01
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! (7)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- US applications for unemployment benefits fall to lowest level in 7 months
- Jets’ Aaron Rodgers shows support for unvaccinated tennis star Novak Djokovic
- 'You could be the hero': Fran Drescher tells NPR how the Hollywood strikes can end
- Stamford Road collision sends motorcyclist flying; driver arrested
- The president of a Japanese boy band company resigns and apologizes for founder’s sex abuse
- Whoopi Goldberg misses season premiere of 'The View' due to COVID-19: 'Me and my mask'
- Alabama doctor who fled police before crash that killed her daughter now facing charges, police say
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Descendants of a famous poet wrestle with his vexed legacy in 'The Wren, The Wren'
Ranking
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Historic flooding event in Greece dumps more than 2 feet of rain in just a few hours
- Former crypto executive the latest to face charges in collapse of FTX exchange
- Jury weighs case of Trump White House adviser Navarro’s failure to cooperate with Jan. 6 committee
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Homicide suspect escapes from DC hospital, GWU students shelter-in-place for hours
- Trial date set for Maryland man facing hate crime charges after fatal shooting over parking
- Simone Biles Shares Hope to Return for 2024 Olympics After Experiencing Twisties in Tokyo
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
It's so hot at the U.S. Open that one participant is warning that a player is gonna die
Australian minister says invasive examinations were part of reason Qatar Airways was refused flights
A major Roku layoff is coming. Company will cut 10% of staff, stock spikes as a result
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Man gets 9 years for setting fire that gutted historic, century-old Indiana building
Voting online is very risky. But hundreds of thousands of people are already doing it
Teen Mom's Maci Bookout Shares How Ryan Edwards' Overdose Impacted Their Son Bentley