What Changes to Real-Estate Commissions Mean for Buyers and Sellers

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 20 August 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

A settlement reached by the National Association of Realtors over inflated commissions has changed the way real-estate agents collect payments. Wall Street Journal housing reporter Nicole Friedman joins host J.R. Whalen to discuss how the deal gives buyers more negotiating power. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:14.4	slash Wall Street.
0:17.0	Here's your money briefing for Tuesday, August 20th. I'm J.R. Wayland for the Wall Street Journal.
0:27.0	In addition to mortgage rates trending lower, home buyers now have more options as a result of a jury verdict against the National Association
0:34.7	of Realtors last year.
0:36.6	That impacts how real estate agents are paid.
0:39.7	Buyers will have an opportunity to directly discuss with their agents what services the
0:45.7	agents will provide and what that will cost and have that negotiation up front
0:51.1	before even touring homes together.
0:54.0	We'll talk to Wall Street Journal Housing reporter Nicole Friedman about how it could affect
0:57.6	home prices.
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1:19.9	or OCI. OCI is the single platform for your infrastructure, database, application development, and
1:26.0	AI needs.
1:27.3	Do more and spend less like Uber, 8 by 8 and Databrics Mosaic.
1:32.1	Take a free test drive of OCI at Oracle.com slash Wall Street.
1:36.3	Oracle.com slash Wall Street. The way real estate agents are paid could mean big changes for homebuyers and sellers.
1:51.0	Wall Street Journal reporter Nicole Friedman joins me to go through the details.
1:54.3	Nicole, what led to the settlement reached earlier this year that resulted in these
	...

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