When Is DOJ Going to 'Get It'?
By Frances Flynn Thorsen, Friday, February 23, 2007.The U.S. Department of Justice is investing a fortune in taxpayer dollars in a real estate industry witch hunt. How long will this last? How stupid do they think the public is? Where is the public outrage?
The DOJ is assigning words like "conspiracy" in many cases to sound business decisions that let brokers "opt out" of online listings. There are times when a responsible broker does NOT want to see his listings marketed on other sites. Does it make good business sense to let other brokers show his listings alongside valuation estimates that do not support the list price? Should brokers be forced to let their listings appear on sites where there is little or no control of public (and the competition's) comments and feedback? Is this really what the public really wants?
National Association of Realtors General Counsel Laurie Janik gave association execs an update on legal issues in San Diego this week. -- Frances Flynn Thorsen
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