The Morning Report
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Inman News Service, that constant source of juicy real estate tidbits, has a very interesting post this morning.
The news service reports that the Consumer Federation of America, a consumer advocacy group, will soon release a report “on how the real estate brokerage industry functions as a price-setting cartel.”
“At a June 19 press conference, representatives for the consumer group will discuss: the real estate brokerage industry; how the industry harms consumers through higher prices, lack of representation, and incomplete home searches; how the industry stifles price and service competition; what reforms are necessary to give real estate brokerage consumers a greater choice of service and price; and how both home sellers and buyers can lower real estate commissions, according to the announcement,” reads the Inman report.