New technology forces open one of the least competitive
areas of the American economy https://www.washingtonpost.com/realestate/commissions-of-6-percent-for-home-sales-are-the-norm-but-that-is-changing/2016/04/13/91bb758c-fb55-11e5-886f-a037dba38301_story.html
““Zillow wasn’t as big
and powerful in the past, which meant that the MLS (multiple listing service)
that served Realtors was their ace in the hole. That barrier is gone.
Recognizing the growing threats, the real estate industry is racing to automate
and add technology. In every industry where this happens, margins contract.
This industry is no exception, and commissions are dropping dramatically and
quickly.””