This podcast episode explores the National Association of Realtors (NAR), a powerful organization that has controlled the real estate industry for over 100 years. The recent legal settlement between NAR and the Department of Justice has cracked NAR's armor, leading to significant changes in the real estate market. The elimination of NAR's rules has resulted in lower costs for buyers and sellers, including the potential drop in housing prices and increased transparency in commission fees. While the settlement is seen as a victory for consumers, its long-term impact on improving accessibility and the equilibrium of the market remains uncertain.
