FREAKONOMICS BLOG � More Bad News for Real Estate Agents mentions the case of Madison, Wisconsin, where recently a critical mass of people have started selling their own homes, enough that now the Realtors have to pay attention.
This will ultimately spread nationwide until all homes are old on a fixed cost basis, with fewer agents handling more transactions.
The same thing applies to every business that today uses percentage-based commisions to do something that is essentially a fixed amount of work. Watch out financial planners!
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