"Seismic Settlement: Impact on Homebuyers and Realtors in Southern California"

A proposed $418 million settlement of a massive antitrust case against Realtors is set to change the home selling process and how buyers and sellers compensate their agents in Southern California, leading to confusion and relief in the real estate industry. The impact of the deal remains unclear, with questions arising about potential changes in agent compensation, buyer-broker agreements, and the possibility of smaller commissions and lower home prices. The settlement, if approved, could lead to significant shifts in the industry, including the widespread use of buyer-broker agreements and potential changes in commission rates and agent earnings.