"Real Estate Industry Faces Major Shake-Up with Landmark Settlement"

The National Association of Realtors settled a lawsuit that could change the way real estate agents are paid, potentially doing away with the traditional 5-6% commission. This could lead to more negotiation, competition, and lower costs for buyers and sellers. Sellers may no longer have to spell out a commission for the buyer's agent, and buyers may need to pay their own agent out of pocket. The changes are expected to take effect in July, prompting potential homebuyers and sellers to consider the impact on their decisions.