Full Episode
Today's episode is about an industry that, like many industries, often talks about how competitive it is and how that competition is good for customers.
The free market is working, and I think the consumer is benefiting while still receiving professional representation.
But if you ask most economists, they have a different view of this industry.
It's just hard not to say, man, these prices seem way higher than they need to be.
This is an industry that most of us interact with rarely. But when you do, the stakes are high.
It's a really important decision financially, emotionally. You need a little bit more hand-holding.
But is your hand being held or is it being forced?
I take great offense at that characterization.
Offense noted. But also worth noting, the National Association of Realtors, the NAR, just settled an antitrust lawsuit that requires it to pay hundreds of millions of dollars in damages and change the way realtors charge their customers. Today on Freakonomics Radio, we speak with the president of the NAR as well as its chief economist.
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