I wouldn't be so quick to celebrate.  I think it will actually cost consumers more.  Good agents will get paid more.  Bad agents won't.

Example; a listing agreement calls for a 6% brokerage commission.  Up until now an agreement was in place to share a percentage of the 6% with the buyer's brokerage.  Typically 3 and 3. That's ending.  Now the buyer's agent will get a Buyer Agency Agreement that details out the minimum compensation they will accept.  If they don't get it from the listing brokerage they'll require it to be paid by the buyer.

All of this is supposed to happen by July.  It's going to get messy.