After lawsuits over high commissions, the National Association of Realtors has agreed to settle for $418 million. This will affect buyers and sellers, as sellers will no longer automatically pay both realtor fees. Instead, buyers must contract separately with their agent, resulting in lower commissions. The changes aim to reduce housing prices but raise concerns about buyers possibly foregoing agent expertise to save money. The settlement await finalization, but if approved, it will reshape the real estate market.
