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: Caveat EmptorNational Association of Realtors finally caves on internet listing
By Sam Glover
The Justice Department and the National Association of Realtors reached a tentative settlement in an antitrust lawsuit. The NAR was seriously hampering the ability of newer, lower-cost realtors to list properties for sale online. As anyone who has recently gone house-shopping knows, you have to go to a traditional broker if you want to see all the houses on the market.
The settlement should ultimately bring down realtor commissions by finally allowing internet-based realtors to compete with traditional brokers when it comes to listing properties.
Justice Department Forces Traditional Realtors To Give Up Stranglehold on Internet Home Listings [Consumer Law & Policy Blog]
Full post as published by Caveat Emptor on May 29, 2008 (boomark / email).
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