The Housing Market Has New Rules. Realtors Are Evading Them.
6Description
Last year, a historic legal settlement resulted in sweeping rule changes that were supposed to lower the price of buying and selling a home across the country.
But those changes would cost real-estate agents money, and so those agents, it turns out, have found ways around the new rules.
Debra Kamin, who reports on real estate, explains how they did it.
Guest: Debra Kamin, a reporter for the real estate section of The New York Times.
Background reading:
- Home sellers and buyers have accused real-estate agents of blocking lower fees.
- The rule change was the result of a legal settlement last year by the National Association of Realtors.
For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
Photo: Jamie Kelter Davis for The New York Times
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lol, when the host introduced he is an entrepreneur, I know exactly where this story is going