Industry News

Advocacy group holds symposium on real estate competition

NAR declines invitation to participate

Academics, experts and public officials are meeting today in Washington, D.C., to discuss the hot-button issue of competition in the real estate industry. The American Antitrust Institute, an independent, nonprofit research and advocacy organization that promotes "vigorous use" of antitrust laws to promote competition in the interests of consumers, organized the invitation-only "Symposium on Competition in the Residential Real Estate Brokerage Industry." Competition in the real estate industry is a timely topic – just two weeks ago, the U.S. Justice Department and Federal Trade Commission hosted a public workshop, "Competition Policy and the Real Estate Industry," to allow industry participants to air their views on whether competition is sufficient or stifled in the real estate marketplace. Antitrust officials at both federal agencies this year have loudly opposed several industry-backed real estate rules, laws and regulations that they say could limit consumer choice and harm...