Industry News

DOJ launches real estate competition Web site

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The U.S. Justice Department's Antitrust Division today unveiled a Web site focusing on competition in the real estate industry that features a chart detailing commission trends and maps of states that have adopted policies that can restrict consumer rebates and some forms of brokerage services. The site is intended "to educate consumers and policymakers about the potential benefits that competition can bring to consumers of real estate brokerage services and the barriers that inhibit that competition," according to a Department of Justice announcement today. Another federal antitrust enforcement agency, the U.S. Federal Trade Commission, last year launched a Web site focusing on competition in the real estate industry. The Justice Department is no stranger to research about real estate competition -- two years ago the agency filed a lawsuit against the National Association of Realtors trade group, charging that association-adopted policies for the online display and sharing of property...