The RE industry is quasi cartel simply because it’s very difficult to buy and sell without an agent. It’s a highly regulated industry that protects the status quo. We need to reform the industry by allowing more competitive forces while keeping away the scam artists.

Look at the American economy in the last 30 years. Almost every industry has reformed. Industries that are protected charges the highest prices — think RE and medical field.

The RE industry is complex so it’ll take a while to reform. But that doesn’t mean brokers are colluding and conspiring to keep prices high.

Why don’t we allow dental hygienist to clean teeth independently from dentists? Or nurse to treat minor symptoms such as colds? Likewise, we could have sales clerks show houses and legal assistants do the paperwork?

I know… we need to protect the consumer. We have too many Nordstroms in RE, we need some Wal-Marts. I say give consumers choices.