ICYMI: Showdown Over Real Estate Fees
Axios reports on the growing fight over burdensome transaction fees and highlights REX's pro-consumer real estate reform effort
The commission that U.S. home sellers typically pay to real estate agents is under fire, with the real estate industry accused of antitrust violations and extracting exorbitant fees.
Why it matters: Some legal experts predict that an antitrust lawsuit over brokers' fees will reach the Supreme Court — and say the many challenges to the current system could upend the market and make it cheaper to sell a home.
The big picture: One thing the challengers are seeking is "the uncoupling of commissions, so that both buyers and sellers negotiate and pay their own broker compensation," per the Consumer Federation of America.
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