The real estate industry is poised for significant changes with the implementation of new NAR rules on August 17, 2024. These changes include moving compensation off MLS and requiring MLS participants working with buyers to enter into written agreements before touring properties. Industry analysts, including Ryan Tomasello, predict a 30 percent fall in commissions due to legal, economic, and governmental challenges. The changes are expected to be pro-consumer, potentially saving buyer clients significant amounts, with estimates suggesting savings of $10,000 per transaction and $30 billion annually. John F. Gately highlighted the pro-consumer nature of these changes, while a MegaBroker agent noted that 'nothing is changing' unless sellers stop offering co-broker bribes. The industry is preparing for a shift towards a 'Fee4Savings' future, with discussions on consolidation, disruption, and innovation taking center stage at events like Inman Connect Las Vegas.