Online Real Estate Agents Supported by the Justice Department
Tuesday, online real estate brokers and their potential clients received some support from The Justice Department who is forcing new industry policies that give Internet-based agents access to home listings they were previously denied.
The settlement, which still requires court approval, could save consumers thousands of dollars when buying a home.
Online real estate agents let buyers review listings at their own pace and often discount their commission fees.
Internet-based brokers have been complaining for years that the National Association of Realtors was letting real estate agents exclude some of their listings from their online competitors, many of whom offer discounted prices. More than 800 multiple listing services nationwide are affiliated with the Realtors group.
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