Month: June 2021

On June 5, 2018 the Federal Trade Commission, an arm of the United States Department of Justice, hosted a “What’s New in Residential Real Estate Brokerage Competition – An FTC-DOJ Workshop” to discuss concerns from varying players in the industry about the Competitive impact of nontraditional real estate fee and service models.  

http://https://www.ftc.gov/news-events/events-calendar/2018/04/whats-new-residential-real-estate-brokerage-competition-ftc-doj

Of interest to consumers should be the U.S. DOJ/FTC’s support for the Emergence and growth of nontraditional fee and service models. 

A settlement was reached and led to a final judgement on Tuesday, November 18, 2008. 

https://www.justice.gov/atr/case/us-v-national-association-realtors

A complete history of the case between United States vs. The Real Estate  Industry can be found here:

https://www.justice.gov/atr/case/us-v-national-association-realtors

Which has mandated a formal advisory from the National Association of Realtors to all Multiple Listings Services and Executives.  

https://www.nar.realtor/sites/default/files/documents/2018-07-31-NAR-Comment-Letter-Re-FTC-DOJ-Competition-in-Residential-Real-Estate.pdf

We are delighted to express our gratitude and appreciation to the National Association of Realtors and the U.S. Department of Justice for having reached a settlement to prioritize consumers interest.  A series of industry changing events since 2008 has come to an end.  

Today we launch Forsalebyweb.com as the “first and only” mobile phone real estate company in the United States.

It’s not just a cool and sexy slogan, Turn Your Smartphone Into A Real Estate Agent!® is one of our registered trademarks.  

For nearly 110 years consumers have been limited to working either with a real estate agent that charges around 6% or managing the home selling process ( and headache ) on their own.  

NoDiscount.com is revolutionizing the home selling p-r-o-c-e-s-s by placing the smart phone at the center of the real estate transaction.  Work that are traditionally repetitive, time-consuming, and require face-to-face have been systematized, passing down savings to consumers without sacrificing the quality of services expected from regular real estate professionals.  We’re bringing science and real estate together to protect consumers from losing $20,000 to $50,000 — OR MORE — each time they buy or sell.   

“And the transaction itself has become almost entirely electronic with  the advent of transaction management platforms, electronic signatures  and now, electronic notarization,” stated the National Association of Realtor. 

https://www.nar.realtor/nar-general-counsel-addresses-real-estate-competition-in-doj-ftc-workshop

Today’s 4G smartphone devices can perform up to 1 million times faster than the fastest computer that took mankind to the moon in the 1960s.  With 5G right around the corner, homeselling is about to be 600x faster in the next couple years.  When science meets the right technology, everything changes.  And that’s what we intend to do to transform the previously and headache-filled home buying and sellign process into a fast and easy activity using your smartphone.  

The future of homeselling is here!  Brought to you by Forsalebyweb.com. 

Just as the Covid-19 had paused the entire world for nearly 2 years, we paused NoDiscount.com for 15 years as the U.S. Government and Real Estate Industry battled to accelerate innovation and commission transparency.  

An agreement between the US Department of Justice and Real Estate Industry on November 19, 2020 gave us the green light to transform the real estate industry like never before.  We’re on a serious mission to saving consumers $150-$350 billion a year by eliminating SCARY fees that can cost homebuyers and sellers $20,000 to $50,000 — OR MORE — each time they buy or sell a property. 

Tired of choosing the wrong real estate commission?  Are you a seller who isn’t getting enough offers for your home?  Are you a buyer who is confused by all the real estate agents promising the same same same services like everyone else?  What’s going on with all these companies offering to pay cash for houses?  How can you protect yourself from paying $20,000 to $50,000 — OR MORE — in fees and discounts that can be avoided?           

At NoDiscount.com we’re bringing science to the real estate industry so you can be empowered in the single most expensive decision a typical buyer or seller makes in a lifetime. 

Afterall– Waiting 15 years wasn’t too bad when you consider the real estate business has not changed in almost 110 years. 

Brought to you by Forsalebyweb.com!