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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.
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.
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.