DOJ launches Web site promoting real estate competition

WASHINGTON – Oct. 11, 2007 – The real estate business is competitive – too competitive, some Realtors say.

But the U.S. Department of Justice (DOJ) unveiled a new Web site yesterday to “help consumers and policymakers understand the benefits of increased competition.” Among other things, the site discusses commissions and legal barriers that the DOJ says inhibit competition.

The National Association of Realtors® (NAR) and DOJ have had conflicts over competition, notably rules concerning the display of listings on Realtors’ Web sites, and the issues are being considered by the courts.

The DOJ Web site includes maps identifying states with real estate laws that, according to DOJ, can inhibit competition; a calculator to help consumers tally their potential savings when brokers pursuing new business models compete for their business; and links to additional government resources. The address is: http://www.usdoj.gov/atr/public/real_estate/index.htm.

© 2007 FLORIDA ASSOCIATION OF REALTORS®

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