re: National Association of Realtors agrees to end 6% commissions

So they can compete with each other on commissions and you could potentially see lower rates, especially in slower markets with expensive stock. However the houses that go through the realtors with the lowest rates will magically be harder to sell because that's how that little mafia works.

When you buy a house, you'll usually have to pay an inspector that crawls through the attic and documents everything - trying to find any major red flags. And your bank will usually hire a closing attorney that pulls up the property history and tries to sniff out any tax, easement, or boundary issues. Both of those entities work much harder than most realtors and earn much less out of that transaction.

The realtors I've had to work with are generally competent. But they don't work that hard.