The new rules of the road for real estate agents

Make Me Smart

Marketplace

Business, News

4.6 • 5.5K Ratings

🗓️ 14 August 2024

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

A quick housing market announcement: the structure for real estate commissions is set to change this week following a legal settlement with the National Association of Realtors from earlier this year. We’ll get into what it could mean for homebuyers, sellers and real estate agents. And, to publish or not to publish internal Trump campaign documents allegedly leaked by Iranian hackers? That is the question several newsrooms are facing. We’ll explain the conundrum. Plus, Kai Ryssdal gets wistful about his daughter’s first day of school.

Here’s everything we talked about today:

“So Much About Real-Estate Commissions Just Changed. Here’s What to Know.” from The Wall Street Journal
“Why newsrooms haven’t published leaked Trump campaign documents” from The Washington Post
“Biden admin to spend billions to blunt spike in Medicare drug premiums” from Politico
“Seeds are gifts from nature, says a major organic producer. So now it’s going to give them away” from AP News
“Rare display of northern lights and Perseid meteor shower delights skywatchers worldwide” from Space

We love to hear from you. Email your comments and questions to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Transcript

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0:25.0	That's Dell.com slash deals. Hello everyone I'm Kimberly Adams. Welcome back to Make Me Smart where we make
0:38.3	today make sense. I'm Kavrossela. It is Wednesday today the 14th day of August. Thank you for downloading,
0:46.3	listening, turning in. I don't know. Take your pick. For caring about our
0:50.2	well-being and listening to us. There you go. How about that? Today we are going to do some
0:55.1	news and some smiles. Let's start with some news, Mr Rizdahl.
0:59.2	All right, so this isn't so much news as it is, PSA, public service service announcement for those of you in the real
1:04.9	estate market things are changing come let's see today's Wednesday Thursday Friday
1:09.5	say come Saturday the Commission structure for real estate agents is changing a lot.
1:16.2	It will save you, depending on how much you sell your house for, either a lot of money or a really
1:20.3	lot of money.
1:21.3	We're going to put this article from the Wall Street Journal in the show page
1:25.0	just so you have it and I'm sure if you're in the housing market you're aware already, but everybody
1:30.0	I know that there are big big changes coming over the houses are bought and sold in this
1:35.0	country and and it matters and I just want to make sure everybody knew that.
1:38.2	It's so interesting because I've heard different things about how much this is going to matter.
1:44.2	Like I've talked to two real estate agents so far about this, one a couple months ago, one at a party
1:48.9	this weekend, and they were saying that at the end of the day, they don't think it's going to change that much for them because basically, you know, the sellers are going to have to, you know, be up front about whether or not they're going to pay or there's something changing about how it's going to change how much a buyer's agent is going to get and that if they're not offering for a buyer's agent their house just won't sell as much.
	...

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