kurt Posted May 28, 2008 Report Share Posted May 28, 2008 Fresh from the NYT. The evil empire takes it in the shins, and online brokerages just got the break they needed (I hope).... Realtors Agree to Stop Blocking Web Listings By ERIC LICHTBLAU Published: May 28, 2008 WASHINGTON ââ¬â The Justice Department and the National Association of Realtors reached a major antitrust settlement Tuesday that government officials said should spur competition among brokers and ultimately bring down hefty sales commissions. The deal frees Internet brokers and other real-estate agents offering heavily discounted commissions to operate on a level playing field with traditional brokers by using the multiple listing services that are the lifeblood of the industry, government officials said. The Justice Department sued the National Association of Realtors in federal court in 2005 on antitrust grounds, charging that its policies were stifling competition and hurting consumers. That case was scheduled to go to trial in Chicago in July. The settlement ââ¬Åis a win for consumers, certainly, who will now have the benefit of unrestricted competition,â⬠Quote Link to comment Share on other sites More sharing options...
Brian G Posted May 28, 2008 Report Share Posted May 28, 2008 Once in a long while our government does something right. Good for them. [:-angel] You just gotta love that absurd spin by the NAR general counsel. [:-slaphap Brian G. Spin Doesn't Always Win [:-party] Quote Link to comment Share on other sites More sharing options...
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