A few months ago we reported on testimony given before a subcommittee of the House Financial Services Committee, largely targeting the National Association of Realtors for what was termed anti-competitive activities. Detractors - and they outnumbered supporters, charged that real estate brokerage is...
Remember our old friend Michael G. Oxley? The Republican Congressman from Ohio is chairman of the House Committee on Financial Services and has been, along with ranking Democratic member Barney Franks of Massachusetts, investigating allegations of restraint of trade and unfair competitive practices ...
The real estate industry, the National Association of Realtors (NAR) in particular, has been fighting charges of anti-competitiveness for years. In 2001 the Federal Reserve and the Department of the Treasury published a proposed rule as an antidote to this perceived problem. It recommended that financial...