Real Estate AntiTrust Again?

The real estate industry is under pressure to change because of a couple major arguments.

1. Freely distributable MLS data
2. Price gouging

Actually both fronts stem from the idea that the NAR is running a monopolistic organization, where prices are fixed and the listings data is controlled by the organization.

And it isn't totally manufactured either. I know of a local discounter that has been blackballed by local buyer agents. Its not official of course, it is subtle.

And, I know of local companies that have opted out of IDX!

In fact a leading consumer rights group, the Consumer Federation of America (CFA), on Monday issued a report charging that real estate industry members act as a cartel to stifle competition, resulting in higher prices and poorer service for homebuyers.

The argument goes that it is cheaper to operate a brokerage today because of technical advances.

...and most of your licensee friends sleep as the rug is being pulled right out from underneath.

Comments

[jbgraves]

What do you mean by "...and most of your licensee friends sleep as the rug is being pulled right out from underneath."?

I interpret it to mean that many agents are working under the "old model" and not adjusting themselves to be ready for a change or shift in the future market. Am I right in assuming that's what you mean?

-answer from Tim: Yes in a way.But more specifically, corporate entities are quie6tly "stealing" agents positions in the engies. While usig their data that they created.