This podcast episode delves into the controversial realm of real estate broker fees, shedding light on the class action lawsuit against the National Association of Realtors and major national brokerages for conspiring to keep commissions artificially high. The episode also highlights the challenges faced by homeowners who used startup real estate companies with lower commissions, emphasizing the importance of weighing the pros and cons. The Illinois class action lawsuit is explored, highlighting its potential impact on the real estate industry and the need for changes to protect sellers' interests. The complexity of the real estate market and the impact of seller's agent commission on home prices are discussed, including the proposal for a "bright line rule change" and potential implications for both sellers and buyers.
