08.08.23 Clark.com Poll: Real Estate Agents / Price Drop Categories

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 8 August 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Real estate agent commissions are increasingly controversial with two massive class-action lawsuits underway. Would you sell your home yourself or use an agent? We have the results of our poll on that question. Also today, Clark talks about different areas that have been really expensive, but are now becoming more affordable. Knowing the 'zig-zag' principle can help you save more. Clark.com Poll: Real Estate Agents: Segment 1 Ask Clark: Segment 2 Price Drops: Segment 3 Ask Clark: Segment 4 Mentioned on the show Meet the overlooked monopoly that’s overcharging homebuyers $72 billion a year An epic fight over how real-estate agents get paid could transform the housing market forever Clark.com Daily Newsletter Poll: 275 responses How to sell your house by owner How To Find a Trustworthy Mechanic Amusement park attendance and prices down Hot tub sales cool as well-off Americans stop splashing out Should I Get Insurance on My Water and Sewer Lines? Automatic Bill Pay: How It Works and How To Do It Safely Recalls.gov Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Shopify.
0:05.0	The all-in-one commerce platform to start, run, and grow your business,
0:09.0	whether you're selling flaky soul or fine art prints.
0:12.0	Shopify covers all your sales channels to simplify selling online and in-person.
0:17.0	Plus, they provide industry-leading tools and 24-7 support to ignite you grow.
0:22.0	This is Possibility powered by Shopify.
0:24.0	To sign up, visit shopify.co.uk slash podcast23 or lowercase.
0:30.0	I'm so glad to welcome you here to the Clark Howard Show.
0:40.0	Our mission is to serve you and empower you to make better financial decisions in your life.
0:46.0	This episode, I'm going to start out with something that has been so controversial for years,
0:52.0	real estate agent commissions.
0:56.0	There's a big fight going on right now about them.
0:59.0	We have the results of our own poll to share with you.
1:04.0	Later, I'm going to talk about two different things that have been really expensive
1:11.0	that are now coming down in price, which is great for your and my wallet.
1:18.0	Speaking of wallet, real estate commissions in the United States are perhaps the world's highest.
1:28.0	It is very unusual, the level of real estate commission.
1:33.0	We pay in the United States when you hire an agent to sell your home for you,
1:40.0	is what's known as the listing agent in most states.
1:44.0	And then you have the buyer's representative,
1:48.0	and I've talked in the past that if you are doing a for sale by owner,
1:53.0	you really need to consider doing agents protected on commission if somebody brings you a buyer,
	...

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