If they put the effort into it, I’d bet that craigslist could come up with a replacement for the MLS pretty quickly. That, combined with the tax records currently accessible on-line already, could change the re industry. The average person would be armed with plenty of info to strike a reasonable deal. Regarding the paperwork, lawyers for a flat fee could handle the purchase agreement and disclusore, and then the escrow company takes over. Zone disclosure reports are mandatory.
Basically its a wal-martization of the re industry. I think it is inevitable…but it could take a few more years.