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Saturday, October 14, 2006
Law - More on: FTC Charges Real Estate Groups with Anticompetitive Conduct in Limiting Consumers' Choice in Real Estate Services
Updating Thursday's ILB entry, the Indianapolis Business Journal reported yesterday:
Metropolitan Indianapolis Board of Realtors is still talking with the U.S. Department of Justice about its multiple listing service, the organization says. The update comes after the Federal Trade Commission sued two Detroit listing services Thursday for anti-competitive practices. The FTC also reached consent agreements with services covering parts of Colorado, New Hampshire, New Jersey, Virginia and Wisconsin. The commission claims their practices limit consumer access to information on houses sold under nontraditional realty agreements. Early last year, MIBOR changed its rules to remove homes under nontraditional contracts from listings the public can view at home-search Web sites such as www.mibor.com.Also of interest is this ILB entry from May 24, 2006, quoting a report from the Cincinnati Business Courier that: "A bid by a group of local real estate agents to open up Cincinnati's multiple listings service to the public was quashed Wednesday."
Posted by Marcia Oddi on October 14, 2006 12:05 PM
Posted to General Law Related | Indiana Law