NAR Responds to DOJ/FTC Activities on Industry Competition

Real estate is a competitive/collaborative industry with significant service difference between companies. REALTORS^® from across the nation understand that on one side of the business you promote your clients best interest through work with other REALTORS^®. On the other hand you compete fiercely to obtain listings and buyer loyalty. It is an industry with many highs and many lows.

Unfortunately, the bureaucrats at the Department of Justice and Federal Trade Commission think there is no competition and that REALTORS^® just show up and get paid large commissions. They have been taking action over the last few months challenging NAR policies while pushing for federally chartered banks to enter the real estate field.

On November 28, 2005, the National Association of REALTORS^® fired back with a 26 page report outlining the Structure, Conduct and Performance of the Real Estate Brokerage Industry. In a joint letter from NAR and all 50 states, the industry has gone on record outlining industry competition, how MLS policies help consumers, and why mixing banking and commerce is anti-competitive and fraught with conflicts of interest.

Structure, Conduct, and Performance of the Real Estate Brokerage Industry - Paper by NAR (148k)
Cover Letter (100k)