Freakonomics post on bad news for real estate agents

I finally added a category for economics.  Mostly based on this post on Freakonomics:

Jeff Bailey reports
in the The New York Times today
about how an internet site that cuts out
real estate agents has grabbed 20% of the market in Madison, Wisconsin. (I think
you may need a NY Times password to read the
article.)

For $150, this site lists your home. The article suggests that real estate
agents have missed out on $17 million in commissions because of transactions
done through this site.

Being involved in the Houston Creative Community I have heard the debates (battles?) on agents versus talent versus unions.  I reserve the right to change my mind later, but at the moment what I see is unions adding value (yes, I said it and typed it so strike me dead)