S.C. Brokers Forced To Change Membership Rules

Law360, New York (October 17, 2007, 12:00 AM EDT) -- A joint venture of real estate brokers in Hilton Head, S.C., has agreed to change its membership rules so that low-priced and Internet-based brokers can better compete in the area.

Under a proposed settlement filed Tuesday with the U.S. District Court for the District of South Carolina, Multiple Listing Service of Hilton Head Island Inc. will rescind a number of rules allegedly designed to restrict competition. The settlement also prohibits HHMLS from adopting new rules in the future that would exclude real estate brokers from membership...
To view the full article, register now.