A Case That Will Have Major Implications in the Real Estate Industry | EWTN News Nightly

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The National Association of Realtors has reached a $418 million settlement in an antitrust lawsuit. The case will have major implications on the real estate industry. The settlement is set to take effect in July, pending a judge's approval. It is expected to change a variety of rules and guidelines set by the National Association of Realtors that were thought to have artificially raised home prices. The most critical change will come to the standard 6% agent commission, which is likely to become lower. Professor of Real Estate at Arizona State University, Mark Stapp, joins to give us a quick summary of the case itself and the settlement. He shares how this affects sellers moving forward. Stapp discusses the buyers in terms of home costs and paying their own fees. He tells us about real estate agents and what happens to them. ------------ EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf