Industry NewsOpinion

Rebate ban chokes competition

Perspective: Tennessee law precludes buyer-negotiated commissions
Published on Jun 26, 2007

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by CareyBot

Protectionist. That's the ugly word that comes to mind with respect to a new law in Tennessee that bans cash rebates to buyers and sellers in real estate transactions. Tennessee Gov. Phil Bredesen signed the ban into law this month at the behest of the Tennessee Association of Realtors and despite opposition from the ...