The Supreme Court's swipe at the Sherman Anti-Trust Act: What does this bode for Realtors?

By
Real Estate Broker Owner with Realty Arts

So the Supreme Court says it is OK for manufacturers to set retail prices?

And this will lead to further advances in competition?

And it will benefit the consumer?

Some bewonderments about this development:

We have become accustomed to retailers setting their own prices for products on their shelves.  Lower prices to benefit all.  Now, according to the NY Times the Supremes say, "...the new rule could in some instances lead to more competition and better service."

Will the Department of Justice continue to hammer away obsessively at nonexistent NAR monopolistic practices, like Inspector Javert pursuing Valjean in Les Miserables?

Or, will a similar legal philosophy relieve NAR of some pointless persecution from the Justice Departmment? 

Interesting Court decision, I believe.  And I'm watching for future developments.

 

Reformatted to remove some NY Times quotes that triggered 'Rain Gods plagiarism concerns.

You can read the story here.

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Scan the QR Code with your Smartphone to Email MeQR CodeMike Jaquish, REALTOR®

919-880-2769 www.RealtyArts.com

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Independent Broker/Owner, Realty Arts

130 Towerview Court,

Cary, NC

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Tags:
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Comments 8 New Comment

Rainmaker
617,417
Randy Prothero
Hawaii REALTOR, (808) 384-5645
Island Style Realty Inc.
Mike, Thank you for the update.  This will be intersting to see how this ruling impacts business.
June 30, 2007 02:02 PM
Rainmaker
639,790
Marchel Peterson
Spring TX Real Estate E-Pro
Results Realty
Mike, I had not heard a thing about this.  I guess too busy hearing about England & Scotland.  It will be interesting to see what affect this has. 
June 30, 2007 09:57 PM
Rainmaker
764,060
Mike Jaquish
919-880-2769 Cary, NC, Real Estate
Realty Arts

Bill,

Yes, unwarranted intrusion into private contracts.   Thanks for commenting.

Randy,

Yes, it will be interesting.  Thanks.

Marchel,

Truthfully, I do not see any real change on the horizon, but thanks for reading and commenting.

July 02, 2007 10:50 PM
Ambassador
875,168
Margaret Woda
Maryland Real Estate & Military Relocation
Long & Foster Real Estate, Inc., Crofton, MD 21114
Hi, Mike - Interesting read on the ruling.  I can see how it might be argued that real estate commissions are no different than retail prices on a can of beans.  But that might be too simple for anyone outside our industry to grasp.
July 03, 2007 06:31 AM
Rainmaker
764,060
Mike Jaquish
919-880-2769 Cary, NC, Real Estate
Realty Arts

Margaret,

Thanks for commenting.

Yes, making it simple is not necessarily the path to simplicity...

July 03, 2007 04:06 PM
Rainmaker
764,060

Mike Jaquish

919-880-2769 Cary, NC, Real Estate
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Additional Information

Cary, NC, blog. I'm in Cary, North Carolina, writing about Real Estate, including Cary, Raleigh, Apex, Wake County, NC, and around the USA..