For decades, an invisible hand has been guiding and controlling the American real estate industry, dictating how much buyers and sellers pay to their agents and how homes are sold. A few days ago, after a stunning legal settlement, that control — wielded by the National Association of Realtors — collapsed.

Debra Kamin, who reports about real estate desk for The Times, explains how the far-reaching change could drive down housing costs.

Guest: Debra Kamin, a reporter on real estate for The New York Times.

Background reading: 

• The National Association of Realtors agreed to a landmark deal that will eliminate a bedrock of the industry, the standard 6 percent sales commission.
• Read about five ways buying and selling a house could change.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. 

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