BrokerageIndustry News

Report alleges bullying of nontraditional brokers

Consumer group calls for more action by state regulators

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State regulators should take a more active role to prevent discrimination and promote competition in the real estate industry, the Consumer Federation of America advocates in a report released this month. "Traditional brokers, and often their trade associations, have used various strategies to limit or prevent the growth of nontraditional brokerage services," the consumer group charges in the report, "Nontraditional Real Estate Brokers: Growth and Challenges." State regulators, the report also states, "need to supplement the efforts of ... federal agencies to promote a free, nondiscriminatory residential real estate brokerage marketplace." It is the latest in a series of reports issued this year by the Washington, D.C.-based federation that criticize the real estate brokerage industry's treatment of nontraditional companies and calls upon state regulators to step up their efforts to protect real estate consumers. The advocacy group is supported by about 300 nonprofit organizations an...