DOJ, Antitrust & Real Estate: A New DOJ Website
The Department of Justice’s Antitrust Division launched a new website yesterday “to educate consumers and policymakers about the potential benefits that competition can bring to consumers of real estate brokerage services and the barriers that inhibit that competition.” The DOJ press release also states:
Among its features, the Web site includes maps identifying states with real estate laws that can inhibit competition, a calculator to help consumers tally their potential savings when brokers pursuing new business models compete for their business, and links to additional government resources.…
The Web site also explains how consumers are harmed when states forbid competition between lawyers and non-lawyers to conduct real estate closings, and when brokers tailor the rules governing local multiple listing services to exclude lower-cost rivals.
(Note: I suspect NAR will have a press release criticizing the website out later today or tomorrow. If you want to take the over - and are willing to put beer on the line - drop us an email).
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October 21st, 2007 at 6:34 pm
This is the first I have heard about the new site, I look forward to checking it out!