Montana Brokers Change Rebate Rule After DOJ Probe

Law360, New York (April 2, 2008, 12:00 AM EDT) -- Real estate regulators in Montana have repealed a rule preventing brokers from soliciting business by offering rebates and other incentives after the U.S. Department of Justice expressed concerns that the rule could hurt competition.

The Montana Board of Realty Regulation voted Tuesday to amend the state's administrative rules to delete language specifying that people who hold real estate licenses may not “solicit business by offering gifts, rebates or promotional items,” the DOJ announced.

The board also clarified that a rebate a buyer or seller receives in...
To view the full article, register now.