A Class Action Suit Could Upend The Entire Real Estate Industry
Listen now
Description
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]
More Episodes
The backlash to the Alabama Supreme Court ruling designating frozen embryos has been intense. Republicans at the state and national level have openly disagreed with the decision. And Democrats have used the ruling to hammer Republicans over reproductive rights. Last month, Illinois Senator...
Published 02/27/24
Published 02/27/24
Popular culture is filled with stories of the underground railroad - the legendary secret network that helped enslaved people escape from southern slave states to free states in the north. Harriet Tubman is the underground railroad's best known conductor. Tubman, who was a Union spy during the...
Published 02/26/24