FTC, DOJ speak
By Glenn Roberts, Jr., Monday, October 22, 2007.Bookmarking Sites
Representatives for the U.S. Department of Justice and Federal Trade Commission showed up in Seattle this month during a meeting of the 50-year-old Council of MLS group. And yes, they were invited.
The agency representatives delivered presentations about the purpose of antitrust law and the types of MLS policies and rules that are not allowed under antitrust law, as well as offering an update on antitrust enforcement activities.
You can view the FTC rep's presentation, which focused on a lawsuit against a Michigan MLS, here -- and the DOJ rep's presentation is here. Watch Inman News for a full story.
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Submitted by Anonymous on October 23, 2007 - 11:58pm.
FTC, DOJ, NAR -- The are all correct!
Let's give consumers more choice. Let's provide great service. Let's disclose the level of fiduciary to the client.
The industry has too many agents offering terrible service for 6 percent and there are also some terrible discount companies.
What are traditional brokerages doing to help consumers with little or no equity sell houses and what are discount companies doing? That's the real question.