The Daily The Housing Market Has New Rules. Realtors Are Evading Them.
374 snips
Apr 29, 2025 
Debra Kamin, a seasoned reporter for The New York Times' real estate section, shares key insights on recent rule changes that were meant to cut home buying and selling costs. Despite these changes, realtors have found clever ways to skirt around the new regulations to protect their earnings. Debra highlights personal stories of sellers grappling with these dynamics, including the frustrations of navigating the market without traditional realtor help. The conversation illuminates the ongoing battle for transparency and fairness in real estate transactions.
AI Snips
Chapters
Transcript
Episode notes
Settlement's Impact Limited by Workarounds
- The 2023 legal settlement aimed to dramatically change how home sale commissions are set in the U.S.
- However, realtors found ways around it, preventing a major market shift.
NAR Sued Over Price Fixing
- The National Association of Realtors (NAR) was sued for fixing commission prices, which inflated the 6% fees.
- The lawsuit's outcome was unexpected and signaled a need for industry reform.
Commissions Affect Home Prices
- Home sale commissions, traditionally around 6%, are included in the home's sale price.
- Lower commissions could reduce overall home prices, easing market challenges for buyers.