Redfin is another example of the Internet's destructive effect on low-value intermediation. It's an online brokerage service that kicks back 2/3 of the agent's 3% commission to the seller. (I suppose the buyer's agent still gets the usual 3%? Why?)
[[Update: There's a much different and no doubt better explanation of how this works in the first comment below.]]
So far Redfin is only available in Baltimore, Boston, Los Angeles, Orange County, San Diego, San Francisco, Seattle, and Washington DC, but unless some states have Realtor-protective legislation banning kickbacks like this I think things like this should be everywhere soon.
Of course, it wouldn't shock me to learn we had a Realtor-protective law here in Florida, given the power of the Realtors. An example of their power is that the newspapers capitalize the “R”. They don't do that for “lawyers” or “attorneys”.