Heather Hahn, Urban's associate vice president for labor, human services, and population, and cohost Sarah Rosen Wartell discuss today’s safety net programs and what the evidence shows about people’s experiences with them. Listen and subscribe today.
After multiple class-action lawsuits nationwide alleging anticompetitive practices, the National Association of Realtors has agreed to pay more than $400 million in damages and rewrite its current agent commission fee rules.
Starting in July, the settlement requires that compensation for real estate brokers cannot be listed on multiple listing services and that buyer-side real estate agents have to “enter into written agreements with their buyers.” How will this change work in practice?
Researchers predict that sellers will continue to pay buyers’ agents’ fees out of sales proceeds, real estate fees will go down, and affordability challenges will remain.
