It sure is interesting watching the market change. In Canada, the traditional real estate agent gets a 5% commission on the sale of property. However, Realtysellers Real Estate Inc. and PropertyGuys.com have joined together, creating a much larger company, and intend to slash the 5% commission for a much lower charge.
Good for consumers? Yes. Good for realtors in Canada? They will have to adjust, or compete in a different segment of the market.
You can read more on this story here.