Real Estate Industry vs. Discount Brokers

edited May 2007 in Housing Bubble
Why do realtors seem so worried about companies like Redfin and the discount brokers? If the traditional agents are actually providing a service that consumers need at a competitive price, then why worry?

Can anyone who actually knows something about the business explain this for me:

"I've personally had brokers [and] agents tell potential sellers that no one would show my listing. . . . I have had signs stolen. . . . I even had one agent who was ridiculed in public for being a discount broker at a public Realtor event."

The Restraints on Robust Real Estate Competition

http://blog.seattlepi.nwsource.com/vent ... 115311.asp
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