A Landmark Legal Settlement Could Make Home Buying and Selling More Complicated

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 20 March 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Discover how a historic change in the way real estate agents are paid could impact prices for home buyers and sellers. Will housing costs become cheaper under new real estate commission rules? How will the recent settlement by the National Association of Realtors impact home buyers and sellers? Hosts Sean Pyles and Anna Helhoski delve into the details of the $418 million settlement by the National Association of Realtors, discussing its potential implications on the home buying and selling process. NerdWallet mortgage writer Holden Lewis joins the conversation to break down the changes and their possible effects on home prices. From understanding the intricacies of commission negotiations to potential ripple effects on the housing market, this episode equips you with the knowledge to navigate the evolving real estate industry. Whether you're a first-time buyer or a seasoned seller, you'll gain valuable perspectives on optimizing your real estate transactions and making informed financial decisions. In their conversation, the Nerds discuss: real estate commissions, home buyers, home sellers, National Association of Realtors, real estate industry, realtor commissions, housing market, real estate agents, buyer agents, seller agents, real estate negotiations, real estate lawsuit, buyer negotiation, seller negotiation, home prices, home sales, NAR settlement, real estate news, commission structures, buyer-seller negotiations, and real estate commission changes. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Prime Video brings thrilling entertainment.
0:03.0	Watch Heavyweight Detective Breacher, Season 3 included with Prime.
0:07.0	Exactly how much danger is this job putting me in.
0:10.0	Treat yourself to the lovably chaotic Bridget Jones mad about the boy available to buy.
0:15.0	Did you have sex? Did you have sex?
0:17.0	Did you have sex last night?
0:19.0	Yes! And it was amazing.
0:23.0	Whatever you're into, it's right here.
0:25.3	Prime Video.
0:27.1	Click or tap the banner to find out more.
0:30.7	Welcome to NerdWallet's Smart Money Podcast.
0:33.2	I'm Sean Piles.
0:34.2	And I'm Anna Hilhouski.
0:35.5	And this is our weekly Money News Roundup, where we
0:38.2	break down the latest in the world of finance to help you be smarter with your money.
0:41.4	Today, we're diving into some huge news for American homeowners. To settle more than a dozen
0:46.4	lawsuits over inflated commissions, the National Association of Realtors has agreed to change the way
0:52.3	real estate agents are paid. Back in October, a federal
0:55.9	jury in Kansas City said that the NAR violated antitrust laws by having rules that inflated
1:01.9	commissions. The jury verdict was $1.8 billion against the real estate industry. A new $418 million
1:09.2	settlement means that agents commissions might fall in coming years.
1:13.1	The trade-off is that real estate negotiations might become more complicated, and buyers without a lot
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from NerdWallet Personal Finance, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of NerdWallet Personal Finance and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.