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Buying & Selling: Michigan Realtors Open MLS To All


Chalk up another victory for the forces of "open listings." ConsumerAffairs.Com has been covering this story for a while, and they have the current scoop:

Under the FTC consent order settling the complaint, MiRealSource has agreed to abandon such collusive conduct and provide its services to all member brokers representing potential home sellers, regardless of the type of listing contract that they choose..."As with the six prior consent orders the Commission has announced in this area, this enforcement action will have a direct positive impact on real estate consumers," said Jeffrey Schmidt, Director of the FTC's Bureau of Competition. "By requiring MiRealSource to discontinue its anticompetitive rules, the order will allow home buyers and sellers to choose the real estate brokerage services that they wish to purchase."

Free markets forcing competitors to provide the best service and value for the client's dollar? What a concept! I can't wait to see what the guys from "Freakonomics" have to say about this.

Posted at February 7, 2007 12:12 PM

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