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Real Estate & Property Law

: Real Estate, Real Competition & The Law

New federal website addresses competition in the real estate brokerage industry

By MICHAEL H. ERDMAN

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Earlier today Inman News' InmanBlog posted on a new website created by the U.S. Department of Justice's Antitrust Division that is intended to shine some light on anticompetitive real estate brokerage practices. A DOJ press release accompanied the site's launch.

I see the new website includes a link for anticompetitive MLS practices, information on discriminatory state laws, and an email address for reporting questionable conduct. As you may recall, the joint FTC/DOJ report on industry competition issued last spring recommended, among other things, that DOJ "promote consumer understanding of marketplace options. . . . Competition in the real estate brokerage industry would likely be enhanced if consumers had better access to such information." Good to see the DOJ following through on this point.

Full post as published by Real Estate, Real Competition & The Law on October 10, 2007 (boomark / email).

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