19 min

Ep116: Rethinking Realtor fees Looped In

    • Business News

A lawsuit filed in Illinois earlier this year was the latest attempt to upend the current system of how real estate commissions are structured. The case argues that if not for rules put in place by the National Association of Realtors, consumers would pay far less in commissions and that the system would look more like it does in the United Kingdom, where listing agents earn a much smaller commission and buyers’ agents are rare.

A lawsuit filed in Illinois earlier this year was the latest attempt to upend the current system of how real estate commissions are structured. The case argues that if not for rules put in place by the National Association of Realtors, consumers would pay far less in commissions and that the system would look more like it does in the United Kingdom, where listing agents earn a much smaller commission and buyers’ agents are rare.

19 min