2014-11-13
In a move that will obviously inspire passionate debate in the Seattle real estate community, a new Seattle online real estate company said it aims to use technology to cut commissions paid to real estate agents, calling the industry a "quasi-cartel."
Surefield, an online residential brokerage, said it will undercut the traditional 6 percent fee paid by seller (3 percent for the buyer's real estate agent and 3 percent for the seller's real estate agent) to 1.5 percent.
The company said it will…