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 (www.nytimes.co...) , a reporter on real estate for The New York Times.
Background reading:
• The National Association of Realtors agreed to a landmark deal (www.nytimes.co...) that will eliminate a bedrock of the industry, the standard 6 percent sales commission.
• Read about five ways (www.nytimes.co...) buying and selling a house could change.
For more information on today’s episode, visit nytimes.com/thedaily (nytimes.com/the...) . Transcripts of each episode will be made available by the next workday.
Негізгі бет The Bombshell Case That Will Transform the Housing Market
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