We are seeing the real estate brokerage model changing heavily. I do think the real estate industry will experience a lot of changes but there is so much involved between emotions, finances, laws, people to coordinate with, schedules, and again emotions when hiccups occurs that I do not see the real estate agent going away. Zillow and Trulia do not really want this either because that is how they get all their data. They leverage the real estate agents efforts by paying for their data and then selling lead data back to them.
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Very true on Zillow. It would take so much regulation and management for them to start a brokerage.