In a groundbreaking turn of events, the National Association of Realtors (NAR) has agreed to a staggering $418 million settlement, sending shockwaves through the real estate industry. This seismic shift is not just about the money; it's a fundamental change in how real estate transactions will operate moving forward. As investors, it's crucial to understand the implications of this settlement and how it could impact your strategies and bottom line.

The Background
NAR, a titan of industry standards and practices, faced lawsuits that cracked the bedrock of real estate commissions wide open. The heart of the matter? Allegations that their policies kept commission rates high and competition low. The settlement isn't just a penalty; it's a declaration that the old ways won't fly in today's transparent, competitive market.

Key Points
1. NAR will pay the nearly half-billion-dollar settlement in installments, with a $197 million payment due within 90 days of final settlement approval.
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by Peter Halm

A Self-Directed IRA (Individual Retirement Account) and a Self-Directed 401(k) are both types of retirement accounts that allow for a broader range of investment options compared to traditional IRAs and 401(k)s. However, there are key differences between the two:

1. Eligibility and Establishment:

   • Self-Directed IRA: Anyone with earned income can open a Self-Directed IRA. It's established through a custodian that allows for self-directed investments.
   • Self-Directed 401(k): Also known as a Solo 401(k), this is primarily for self-employed individuals with no full-time employees other than the business owner and their spouse. It’s established by the individual who acts as both the employer and the employee. So long as you meet the eligibility requirements (the presence of self-employment activities and absence of full-time employees), you can start a business to open a Solo 401(k)

2. Contribution Limits:

   • Self-Directed IRA: The contribution limits for a...