Tag Archives: Stephen Brobeck

Watchdog calls for ban on sellers offering buyer agent commissions

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In a new report alleging the majority of commissions are nearly identical in 35 U.S. cities, the Consumer Federation of America said offers to buyer agents should be legally prohibited. Continue reading →

‘Highly uniform’ commissions designed to thwart competition: study

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The Consumer Federation of America pushes for an end to the sharing of commissions between listing and buyer brokers to spur price competition. Continue reading →

Consumer watchdog: The real estate industry regulates itself

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A report from the Consumer Federation of America found that the vast majority of seats on state real estate commissions are held by industry members, and not one is held by a consumer or housing advocate. Continue reading →

NAR ‘cut a deal’ with Trump DOJ to undermine commission suits: CFA

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The National Association of Realtors countered that the Consumer Federation of America’s assertions are “wrong and misleading” and “commissions are very much negotiable.” Continue reading →

With new FTC chair, expect greater scrutiny on the real estate industry

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Lina Khan’s appointment at the Federal Trade Commission last week appears to indicate the Biden administration plans to take an aggressive approach to antitrust regulation. Continue reading →

‘Double-dipping agents’ overcharge consumers billions in commissions

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Consumer watchdog says dual agency should be banned, but double-ending should not be so long as agents discount their commission and act as facilitators. Continue reading →

Consumer groups support REX suit against anti-rebate law

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The Consumer Federation of America and the Oregon State Public Interest Research Group argue that prohibiting rebates to buyers and sellers stifles commission competition and harms consumers. Continue reading →

Consumer watchdog calls out states for confusing agent disclosures

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In a new study, the Consumer Federation of America calls real estate disclosures ‘confusing,’ and calls out agents for not doing enough to explain them. Continue reading →

Joy, despair following vote on NAR’s pocket listing policy

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Comments on the proposal have been split, with some suggesting the overwhelming majority vote may not represent the industry at large. Take this poll to share your opinion. Continue reading →