The National Association of Realtors (NAR) has reached a landmark $418 million settlement, marking a significant shift in the residential real estate industry. This development comes after years of investigation by the Department of Justice's (DOJ) antitrust division, highlighting the government's ongoing efforts to foster competition in the real estate market. The settlement, summarized in a document of 25 pages or less, outlines 10 significant changes to the industry, identifying winners and losers in the process. It is poised to dismantle the longstanding commission monopoly held by NAR, potentially saving homeowners thousands of dollars in fees and reshaping the future landscape of real estate transactions. Critics of the current system argue that it has long favored a cartel-like structure that imposes excessive burdens on consumers, with some estimating that breaking this cartel could yield up to $100 billion in benefits over time. The settlement also includes provisions that will alter how agents set their commissions, specifically forbidding the setting of commissions via the Multiple Listing Service and prohibiting the publication of buyer-agent compensation on these platforms. This change is expected to prompt a reevaluation of the value of real estate agents' services, as the industry moves towards greater transparency and competition.