The real issue to me is that normally the seller pays for the buyer agent as well. This creates a few problems:
1-The buyer will get an agent even if they don't think it's very useful, since they don't pay for it
2-The buyer agent has an incentive to show/promote properties that also have a seller agent, especially if it has the full 3% commission
I think having buyers pay for their own agent (if they want one) would result in lower fees for everyone
I think having buyers pay for their own agent (if they want one) would result in lower fees for everyone