Hot off the press today:
Federal Trade Commission and U.S. Department of Justice Issue Report on Competition in the Real Estate Brokerage Industry
Agencies Make Recommendations to Maintain Competition and Protect Consumers from Anticompetitive Conduct
The Federal Trade Commission and U.S. Department of Justice (DOJ) today issued a joint report, "Competition in the Real Estate Brokerage Industry." The purpose of the report is to inform consumers and others involved in the industry about important competition issues involving residential real estate, including the impact of the Internet, the competitive structure of the real estate brokerage industry, and obstacles to a more competitive environment.
"Home ownership is the American dream, and real estate brokers have helped to achieve that dream for many," said FTC Chairman Deborah Platt Majoras. "But when anticompetitive practices stand in the way, consumers lose. The FTC is committed to working with the industry and policymakers to ensure that competition is not inhibited and that consumers are well-informed about this important marketplace."