CNN Business: The 6% commission on buying or selling a home is gone after Realtors association agrees to seismic settlement

By some estimates, real estate commissions are expected to fall 25% to 50%, according to TD Cowen Insights. This will open up opportunities for alternative models of selling real estate that already exist but don’t have much market share, including flat-fee and discount brokerages.

No doubt they’ll figure out a way to make up for it with undisclosed rubber chicken fees. It’ll be interesting to see how all this shakes out, including whether it puts some headwinds against rising home prices.