Hacker Connect January 16 in New York
An event for and by the real estate tech community

The Iowa Association of Realtors is trying to shut down a local for-sale-by-owner real estate advertiser for allegedly operating a real estate business without a broker's license. The association last week filed a lawsuit for an injunction against AgentsBeware.com and its operator Jeremy Smith. The association alleges the Web site is illegally acting as a real estate broker. But Smith argues the company acts only as an advertising service, much like sites like eBay that connect buyers with sellers via the Internet. "We're not a broker–we're an advertising outlet," Smith said. Despite the company's cheeky name and aggressive "Taking a bite out of commission" motto, Smith doesn't believe the company directly competes with real estate agents for clients because it targets sellers ...