J.R. Whelan

speaker

21,375 appearances 574 recordings 1 series first heard Oct 2017 last heard Aug 2024

J.R. Whelan’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · How the Real-Estate Fees Verdict Will Affect Home Buyers, Sellers · 6 Nov 2023 podcast

That's ymb at wsj.com. voice-verified

Now on to the show. voice-verified

Here's your Money Briefing for Monday, November 6th. voice-verified

I'm J.R. voice-verified

Whelan for The Wall Street Journal. voice-verified

The real estate world was rocked last week by a historic verdict against some realtors and brokerages regarding commissions and fees. voice-verified

That's likely to change the math in the home buying equation. voice-verified

We'll talk to Wall Street Journal reporter Laura Casisto after the break. voice-verified

A jury's decision against the National Association of Realtors and large residential brokerages could mean changes in how much homebuyers and sellers pay in commissions and fees. voice-verified

Wall Street Journal National Legal Affairs reporter Laura Casisto joins me. voice-verified

So, Laura, refresh us for a moment. voice-verified

Tell us about this case and the recent verdict. voice-verified

Now, the NAR says it plans to appeal this decision, but under the current system, when a home is sold, what's the cash flow in terms of fees and commissions paid to brokers? voice-verified

How is that likely to change? voice-verified

But if a seller can no longer pay a buyer's agent, what kind of position does that put the buyer in? voice-verified

What would this look like in this current housing market we have where there is such low inventory? voice-verified

And just to be clear, there's potentially a lot of money involved here, but does this have anything to do with mortgage rates that we see are approaching 8%? voice-verified

How could this judgment change the business model for the crop of real estate startups that we've seen that often promote lower commissions? voice-verified

And there are several other similar lawsuits brewing on the horizon. voice-verified

What are they centered on? voice-verified

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