Brokerage industry accused of price setting
A report conducted by the Consumer Federation of America – a pro-consumer advocate – will be released on June 19. It should be a good read as it accuses the real estate brokerage industry of being a price-setting cartel. A conference to be hosted by the group on June 19 will address the industry "hot topics" like price-setting, how buyers and sellers can lower realtor commissions, how brokerages harm consumers, and how the industry stifles limited service competition. It will be interesting to see what effect this report and conference have on consumers as a whole. Currently there are just too many home sellers ignorant to the minimum service laws being passed that eliminate consumer choice.
