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The Bombshell Case That Will Transform the Housing Market

The Bombshell Case That Will Transform the Housing Market

The Daily vor 2 Jahren

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25:44

For decades, an invisible hand has been guiding and controlling
the American real estate industry, dictating how much buyers and
sellers pay to their agents and how homes are sold. A few days
ago, after a stunning legal settlement, that control — wielded by
the National Association of Realtors — collapsed.

Debra Kamin, who reports about real estate desk for The Times,
explains how the far-reaching change could drive down housing
costs.

Guest: Debra Kamin, a reporter on real estate for The New York
Times.

Background reading:

The National Association of Realtors agreed to a landmark
deal that will eliminate a bedrock of the industry, the standard
6 percent sales commission.

Read about five ways buying and selling a house could change.

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available by the next workday.

For more information on today’s episode, visit
nytimes.com/thedaily. Transcripts of each
episode will be made available by the next workday.

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