BrokerageIndustry News

Judge rules FSBO company can operate without real estate license

Ruling does not address constitutionality of New Hampshire law

A company that accepts fees for online property ads is exempt from real estate licensing requirements in New Hampshire, a U.S. District Court judge has ruled, though the ruling does not address the constitutionality of the state's law. Skynet Corp., a Massachusetts-based company that operates ZeroBrokerFees.com, a real estate Web site that advertises for-sale-by-owner properties and services, filed a lawsuit in June 2006 that sought to block the enforcement of a state real estate act related to the publication of real estate information. The company had sought exemption from state real estate licensing requirements as an online publisher of real estate information and alleged in the lawsuit that the state's law granted exemption to newspapers that may not apply to the company. In its complaint against the New Hampshire attorney general and the state's real estate regulatory agency, Skynet argued that its business activities and the information the company provides "ar...

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