As noted on the U.S. Federal Trade Commission website, the FTC and the Department of Justice held a joint public workshop in Washington, DC on June 5, 2018, to explore competition issues in the residential real estate brokerage industry.
Topics discussed at the workshop included:
- Existing and emerging consumer-facing platforms for accessing listings information
- Availability of listings information to consumers
- Regulatory and competitive hurdles facing listings platforms
- Effect of listings platforms on consumers’ use of real estate services
- Changes in traditional real estate broker, brokerage, and Multiple Listing Service (MLS) practices
- Emergence and growth of nontraditional fee and service models
- Obstacles and catalysts to innovation in real estate fee structures and service models
- Competitive impact of nontraditional real estate fee and service models
- Effect of antitrust enforcement actions and consent decrees on competition in the residential real estate industry
- State licensing regimes relating to residential real estate transactions
Real estate agents and other professionals in Tennessee are ultimate entrepreneurs and small business people. The best Tennessee real estate agents stand out in the crowd by keeping up with new developments in the industry and understanding the rapidly evolving real estate business..
Here are three videos and the slide presentation from the workshop that will help real estate professionals in Tennessee hear about the most recent developments and how the FTC and the Department of Justice are looking at some of the changes that have come to the real estate industry. Click here to see the videos and the slides.