Wednesday, May 28, 2008

Realtors Agree to Stop Blocking Web Listings - NYTimes.com

It took several years, but this will likely produce some innovative apps/services

The Justice Department and the National Association of Realtors reached a major antitrust settlement Tuesday that government officials said should spur competition among brokers and ultimately bring down hefty sales commissions.

The deal frees Internet brokers and other real-estate agents offering heavily discounted commissions to operate on a level playing field with traditional brokers by using the multiple listing services that are the lifeblood of the industry, government officials said.

Realtors Agree to Stop Blocking Web Listings - NYTimes.com

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