Real Estate

3 reasons real estate agents are worth their 6% cut

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Real estate agents still 'very integral'

Even in this age of the Internet, real estate agents are still a "very integral" part of buying and selling homes, Zillow CEO Spencer Rascoff told CNBC's "Squawk Box" on Wednesday.

It may seem like a counterintuitive statement from a pioneer in the online proliferation of housing data. But Rascoff said the efforts of his company and others will force agents to evolve.

Read MoreHousing's mixed signals: Are we in a bubble or not?

Watch the above video for the Zillow chief's three reasons why real estate agents won't be going away anytime soon.