BrokerageIndustry News

Minimum-service laws worsen real problem

Perspective: Real estate needs more clarity, less complexity
Published on Jun 26, 2006

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by CareyBot

More than a dozen U.S. states now have so-called "minimum-service" or "limited-service" laws, which purport to protect home buyers and sellers from the supposedly egregious conduct of "discount" brokers who don't provide all of the traditional real estate brokerage services. These laws are unnecessary and confusing at best and detrimental to the public interest at worst.

Among the latest incarnations are new laws in Virginia and Tennessee ...

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