Every few years Realtors and their commissions come under scrutiny and it is happening again now. The Consumer Federation of America issued a report last week, depicting the real estate industry as a "cartel" that stifles competition by discriminating against non-traditional real estate brokers, protecting a status quo commission structure via unregulated MLSs, and influencing regulators and legislators to their favor. And Robert E. Litan, a senior fellow at the Brookings Institution, this month issued a paper titled, "Commission Accomplished," saying that the real estate industry uses "protectionist tactics" to hang onto its revenues. Now is your chance to speak out and help Inman News get to the heart of what's impacting commissions by participating in a new survey. (Click here to take the survey.) Pressure is mounting on the standard full-service commission model, with a number of factors contributing. New Internet and discount services are launching each year and despite skyrocket...
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by Amber Taufen | Today 3:00 A.M.