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Real estate commission story causes uproar

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Editor's note: Inman News Publisher Bradley Inman wrote a controversial blog about the real estate industry's elephant in the room -- falling commissions. It prompted a fascinating debate inside the Inman News blog -- prompting more than 200 reader comments. The original blog entry is pasted below. This weekend, I e-mailed an old friend Katie Beacock, a Realtor in Seadrift, an exclusive stretch of Stinson Beach in Northern California's beautiful Marin County. I always dreamed of owning a home there and wanted to check in with Katie on any new or pending listings. I have always used a Realtor when buying real estate and cannot imagine doing it any other way. As expected, Katie let me know about current listings, which I had already found on the Web, but she also told me of a house that might be coming on the market. I can also count on her to give me the scoop on the market in West Marin, navigate the issues of buying oceanfront property and closing the transaction without any conting...