Industry News

Real estate competition up for debate

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Four days after launching a lawsuit against the National Association of Realtors for alleged anticompetitive practices, federal agencies are planning a public forum to discuss competition in the real estate industry. The U.S. Justice Department's Antitrust Division and the Federal Trade Commission will jointly host a one-day workshop on competition policy and the real estate industry next month, the agencies said. The workshop will be held on Oct. 25, at the FTC's Satellite Building Conference Center located at 601 New Jersey Ave. NW, in Washington, D.C. The workshop is free and open to the public and aims to provide a forum on the competitiveness of the residential real estate industry, focusing on topics such as multiple listing services, discount and limited-service brokers, and minimum-service requirements. In particular, discussion will center on the real estate transaction, the multiple listing service, and private and state actions that affect competition among brokers. P...