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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Independent Broker/Owner, Realty Arts

130 Towerview Court,

Cary, NC

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Show All Comments
Rainmaker
204,699
Chris Tesch
RE/MAX Bryan-College Station - College Station, TX
College Station, Texas Real Estate
Good points.  I'll be watching and wondering with you!
Jun 30, 2007 08:33 AM #1
Rainmaker
765,812
Mike Jaquish
Realty Arts - Cary, NC
919-880-2769 Cary, NC, Real Estate

Thanks for reading and for commenting, Chris.

Jun 30, 2007 08:38 AM #2
Anonymous
Anonymous
Anonymous
It's about time. This law was so antiquated. I'm glad to see the Supreme Court do something right for a change.
Jun 30, 2007 09:45 AM #3
Rainmaker
621,634
Randy Prothero
Island Style Realty Inc. - Mililani, HI
Hawaii REALTOR, (808) 384-5645
Mike, Thank you for the update.  This will be intersting to see how this ruling impacts business.
Jun 30, 2007 02:02 PM #4
Rainmaker
640,098
Marchel Peterson
Results Realty - Spring, TX
Spring TX Real Estate E-Pro
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. 
Jun 30, 2007 09:57 PM #5
Rainmaker
765,812
Mike Jaquish
Realty Arts - Cary, NC
919-880-2769 Cary, NC, Real Estate

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.

Jul 02, 2007 10:49 PM #6
Ambassador
892,384
Margaret Woda
Long & Foster Real Estate, Inc., Crofton, MD 21114 - Crofton, MD
Maryland Real Estate & Military Relocation
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.
Jul 03, 2007 06:31 AM #7
Rainmaker
765,812
Mike Jaquish
Realty Arts - Cary, NC
919-880-2769 Cary, NC, Real Estate

Margaret,

Thanks for commenting.

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

Jul 03, 2007 04:06 PM #8
Show All Comments
Rainmaker
765,812

Mike Jaquish

919-880-2769 Cary, NC, Real Estate
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