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A big Realtors settlement could have led to lower agent commissions. They haven’t changed

A big Realtors settlement could have led to lower agent commissions. They haven’t changed

When Eric Itakura listed his Mountain View, California, condo last year, he hoped to save some money on commissions.

The rules over how agents’ fees are set had recently been rewritten as part of a landmark settlement reached between the National Association of Realtors and a group of home sellers. For decades, sellers typically paid a fee between 5% or 6%, split between their own broker and the buyer’s. The new rules, industry watchers predicted, might finally chip away at that standard by forcing buyers and their agents to negotiate separately.

RELATED: How to negotiate commissions with your real estate agent

But Itakura found that not much had changed. Two buyers made offers, both asking that he cover their agent’s fee. One wanted 2.5%, the other 3%. Itakura knew he could say no — but he also knew the buyers could walk.

“There’s a convention that’s been in place for a long time,” Itakura said. “The more you try to buck against that standard, the more potential problems you create for yourself.” read more

Developers say on-again, off-again tariffs are making it difficult to predict prices and kick off projects

Developers say on-again, off-again tariffs are making it difficult to predict prices and kick off projects

The night before the Trump administration began enforcing a 25% tariff on Canadian imports, Chicago-based GI Stone had 13 trucks at the U.S. border, each loaded down with specialized granite set for installation in the Obama Presidential Center under construction in Jackson Park.

Only eight trucks made it through before the tariffs took effect on March 4.

“We rushed all the trucks we could get,” said Sandya Dandamudi, GI Stone’s president and owner. “But there was a lot of congestion and long lines, so everything took a long time to process. For us, the tariffs have been a bit of a nightmare, and the biggest problem is the chaos.”

Sandya Dandamudi, president of GI Stone, stands in the GI Stone facility in West Town, Aug. 28, 2025. (Eileen T. Meslar/Chicago Tribune)
Sandya Dandamudi, president of GI Stone, in the GI Stone facility in West Town, Aug. 28, 2025. (Eileen T. Meslar/Chicago Tribune)

Adjusting to the tariffs imposed on Canada and other countries has not gotten easier over the past six months. The White House has imposed or canceled tariffs on nations with little or no notice, sending up and down the costs of key imported building materials such as steel, aluminum, copper and lumber. Construction industry leaders say the tariffs have made it more difficult to predict prices, secure financing and kick off new development. And even though short-term fixes, including stockpiling inventory, have so far helped developers and contractors avoid passing along cost increases to consumers, tariffs will ultimately mean higher rents and housing costs. read more

Lawmakers and activists call for action after AP reveals US tech role in China’s surveillance state

Lawmakers and activists call for action after AP reveals US tech role in China’s surveillance state

By BYRON TAU, GARANCE BURKE and DAKE KANG, Associated Press

WASHINGTON (AP) — Lawmakers and activists across the political spectrum called on American tech firms to stop selling surveillance equipment to Chinese police and for Congress to examine the issue after The Associated Press reported that U.S. technology had played a far greater role than previously known in enabling human rights abuses by Beijing.

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Republican Sen. Josh Hawley of Missouri told AP he wanted to summon tech companies before Congress to address how their technology exports were used. Hawley, a longtime critic of U.S. technology companies, bemoaned Silicon Valley’s general lack of cooperation with Congress on that and similar inquiries. read more

Is AI a threat to jobs? A ‘Tomb Raider’ affair poses the question

Is AI a threat to jobs? A ‘Tomb Raider’ affair poses the question

By JOHN LEICESTER and NICOLAS GARRIGA

PARIS (AP) — A lifelong fan of “Tomb Raider,” French gamer Romain Bos was on tenterhooks when an update of the popular video game went online in August.

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But his excitement quickly turned to anger.

The gamer’s ears — and those of other “Tomb Raider” fans — picked up something amiss with the French-language voice of Lara Croft, the game’s protagonist.

It sounded robotic, lifeless even — shorn of the warmth, grace and believability that French voice actor Françoise Cadol has given to Croft since she started playing the character in 1996. read more

YouTube to start bringing back creators banned for COVID-19 and election misinformation

YouTube to start bringing back creators banned for COVID-19 and election misinformation

By ALI SWENSON, Associated Press

NEW YORK (AP) — YouTube will offer creators a way to rejoin the streaming platform if they were banned for violating COVID-19 and election misinformation policies that are no longer in effect, its parent company Alphabet said Tuesday.

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In a letter submitted in response to subpoenas from the House Judiciary Committee, attorneys for Alphabet said the decision to bring back banned accounts reflected the company’s commitment to free speech. It said the company values conservative voices on its platform and recognizes their reach and important role in civic discourse. read more