[igolden]

+1 - has anyone successfully proved him right/wrong since?

[seltzered_]

Not quite answering your question, but a16z had a recent video talking about startups trying to disrupt commissions: https://youtu.be/IRPH3K1GXj0

[Joakal]

I'm not familiar with landscape in Australia but there's two most popular websites not owned by real estate companies: realestate.com.au and domain.com.au (both owned by competing media companies!)

[erklik]

neither of them tries to touch commissions though.

[harryh]

opendoor.com appears to be doing quite well