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by CareyBot

An independently owned Coldwell Banker brokerage company in Des Moines, Iowa, has accused a local competitor of anti-competitive practices in conjunction with a new incentive program used to attract exclusive home listing agreements. The Coldwell Banker company leveled the charge in a federal lawsuit filed Thursday. Coldwell Banker Mid-America Group Realtors alleged that Iowa Realty and First Realty, both units of Home Services of America, used their market dominance in Des Moines to eliminate competition by creating a category of for-sale listings that would be exclusive to Iowa Realty and First Realty agents. The dispute erupted after Iowa Realty/First Realty this month announced a new program called "Passport Listing" that offers incentives to homeowners in exchange for an agreement...