Monday, May 15, 2006

Are real estate commissions going to go the way of stock commissions?

Battling the 6 percent realtor commission - May 1, 2006:
"The 6% real estate commission has been under assault awhile, but the hits just
keep coming - and are getting more sophisticated. Three Internet upstarts are the latest to take a shot"
That the internet is shaking up the Real Estate business is obviously no surprise. What is surprising is that it has taken so long. Be sure to check out the sites listed on the CNN page. It is amazing how much detail they have! You can see how much home prices vary even within relatively small areas.
Of course, Steve Levitt, who has railed against the 6% commission, must be happy!