A Case of Conspiracy in Real Estate
The Journal.
The Wall Street Journal
4.2 • 5.8K Ratings
🗓️ 6 November 2023
⏱️ 15 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Laura, have you ever sold a house? |
| 0:05.0 | I have ever sold a house. |
| 0:08.0 | I have never sold a house I have bought twice, |
| 0:11.0 | and you know, it's like a funny thing actually I have no idea how much my |
| 0:16.2 | agent got paid. In the US when someone decides to buy or sell a house they typically pay a real estate agent to get the |
| 0:24.6 | job done. |
| 0:26.0 | Here's our colleague Laura Kisto. |
| 0:28.3 | So I decide to sell my home. |
| 0:30.0 | And I go out and I find an agent. |
| 0:32.2 | And I'll talk to the agent. |
| 0:33.5 | And one of the things, one of the first conversations |
| 0:35.6 | that we'll have is about the commission. |
| 0:38.0 | And what is it going to be and what are we going to offer |
| 0:40.2 | to the buyer's agent? |
| 0:42.0 | Laura says that those commissions are often one of the more nebulous parts of a home sale. |
| 0:47.6 | This is sort of an important thing to understand, that I as a seller, in effect, she's sort of a chain of different people, but I in effect as a seller in effect to sort of a chain of different people but I in effect as a |
| 0:54.5 | seller when I sell my home and the one who pays the buyer's agent. For a long time |
| 0:59.7 | this is how many real estate transactions have played out. |
| 1:03.3 | Critics have said that it's a system that lacks transparency |
| 1:06.3 | and keeps home prices high. |
| 1:08.4 | And now, a historic verdict in a federal class action lawsuit could upend how it all works. |
| 1:15.0 | A bombshell court ruling in the real estate industry could affect those who are buying or selling a home. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

