Read the Senate letter requesting probe into real estate competition

Joint DOJ-FTC antitrust workshop to be held sometime in the spring

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Inman Connect San Francisco, Jul 16-20, 2018

Last week, the U.S. Department of Justice confirmed it will hold a joint workshop on real estate competition in the spring with the Federal Trade Commission. A DOJ official told Inman the workshop will be held in response to a letter the DOJ received on Sep. 21, 2017, from the U.S. Senate Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights. Now, Inman has obtained copies of that letter and the DOJ's Dec. 20, 2017, response to the office of the Senate subcommittee's chair, Republican Mike Lee of Utah. In the September letter, Lee and the subcommittee's ranking member, Democrat Amy Klobuchar of Minnesota, ask the DOJ and FTC to update their 2007 joint report on real estate competition "given the Internet-driven changes in the real estate brokerage market since." Read the letters below. "We ask that you review the availability of listing information to the public and to independent real estate agents, small real estate brokers, and limited servi...