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Morning Brew Daily

Americans LOVE to Spend & Why Broker's Fees Are Going On Trial

Oct 18, 2023
27:17
Snipd AI
President Biden's visit to Israel, House attempting to elect a speaker, Americans love to spend, real estate brokers heading to trial, Marc Andreessen's Techno Optimist Manifesto, United's new boarding protocol, Citi banker fired for expensing two sandwiches
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Podcast summary created with Snipd AI

Quick takeaways

  • Antitrust scrutiny may disrupt the residential real estate industry's 6% commission paid to brokers.
  • Despite concerns of an impending recession, American consumers exhibit resilience with stronger-than-expected retail sales.

Deep dives

Real Estate Broker Commission Under Scrutiny

The podcast discusses how the 6% commission paid to residential real estate brokers is facing antitrust scrutiny and could disrupt the industry.

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