Borys Grochulski and Zhu Wang discuss the compensation structure of real estate agents and how that has shaped the homebuying process and the housing market in general. Grochulski is a senior economist and Wang is vice president for research in financial and payments systems at the Richmond Fed.

Full transcript and related links: https://www.richmondfed.org/podcasts/speaking_of_the_economy/2024/speaking_2024_06_26_real_estate_agent_compensation