BrokerageIndustry News

No appeal on FSBO court ruling in California

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The California Department of Real Estate will not appeal a federal court ruling in favor of an Internet-based flat-fee property listing company. in May 2003 challenged the state's enforcement of a 1959 real estate law that requires entities offering real estate property listings to obtain a real estate brokerage license while exempting newspapers from these licensing requirements. U.S. District Court Judge Morrison England Jr. ruled in November that the state violated First Amendment sites in requiring Web sites to obtain a broker's license in order to display listings. Bill Moran, assistant commissioner of enforcement for the state's real estate department, said today, "We have decided not to appeal the decision." Moran declined further comment. Colby Sambrotto, chief operating officer for New York-based, said, "I think that's the right choice. There is no good reason to treat Internet companies any differently than newspapers and I thi...