What Home Buyers Should Know About Negotiating Real-Estate Agent Fees

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 29 August 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

A recent settlement by the National Association of Realtors means home buyers are now responsible for negotiating their agent’s commissions. Wall Street Journal personal finance reporter Veronica Dagher joins host J.R. Whalen to discuss what to know before reviewing contracts and reaching an agreement. 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 Thursday August 29th. I'm J.R. Whelan for the Wall Street Journal.
0:27.0	Prospective homebuyers have a lot to deal with, like figuring out where they want to live.
0:31.0	How much can they afford?
0:33.2	What are the schools like in the neighborhood?
0:35.4	Under new rules, if they're using a real estate agent,
0:38.4	they'll also be doing the contract negotiating
0:41.1	to work out commissions.
0:42.4	It's tricky because in our culture in the U.S. we're generally not negotiators.
0:46.2	And so this is something we definitely have to practice and get more comfortable with.
0:51.1	Wall Street Journal of Personal Finance reporter of
0:53.6	Veronica Dagger, will join us to go over what to keep in mind before you sit down
0:57.9	at the negotiating table. That's after the break. AI may be the most important new computer technology ever, but AI needs a lot of processing speed and that gets
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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 recent settlement reached by the National Association of Realtors
	...

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