Real estate stocks plunge as NAR agrees to landmark settlement that rewrites rules on commissions

• The National Association of Realtors announced a $418 million settlement to end antitrust lawsuits.
• The NAR agreed to a new set of rules, which will reset long-held standards on commissions. 
• Real estate stocks including Zillow and Redfin fell Friday after the announcement. 

Shares of real estate companies plunged on Friday following an announcement from the National Association of Realtors that resolves a lawsuit with home-selling groups and effectively nixes the standard 6% commission for home purchases.