The National Association of Realtors has reached a $418 million settlement that is anticipated to significantly alter the real estate industry. This development could potentially encourage more homebuyers to conduct transactions without the involvement of agents, sparking a debate among industry professionals on how to adapt. The settlement is expected to change the standard commission structure, possibly reducing the earnings of many real estate agents and even putting some out of business. Concerns have been raised by California house hunters that this settlement could make the homebuying process more challenging. Additionally, there are opinions suggesting that sellers might not lower their home prices despite not having to compensate buyer agents, aiming to pocket more money instead. This settlement resolves a series of lawsuits against the National Association of Realtors and is seen as a significant shift that could transform how Americans buy and sell homes.