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How real estate commissions work and why they might get lower

When you sell a house, both your agent and the buyer's agent get a slice of the pie. But just how big of a slice is a question snaking its way through the courts. A jury in Kansas City this week found that the National Association of Realtors and a number of real estate brokerages conspired to keep home sale commissions artificially high. Defendants, who have pledged to appeal, are on the hook to pay nearly $1.8 billion in damages to about a half-million Missouri home sellers, and that amount mi ....

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How real estate agent commissions work and why they might get lower

How real estate agent commissions work and why they might get lower
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New Zealand , United States , United Kingdom , Great Britain , Jenny Schuetz , Glenn Kelman , Sam Chandan , Hon Chen Institute For Global Real Estate , National Association Of Realtors , Wharton School , Brookings Institution , Kansas City , National Association , Christy Reap , Chao Hon Chen Institute , Global Real Estate ,