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Battle Brews Over Real Estate "Cartel"

Law360 (June 19, 2006, 12:00 AM EDT) -- The real estate brokerage industry is a “price-setting cartel” that aims to limit consumers’ knowledge of the market and unfairly thwart competition from nontraditional brokers, a new study charges.

The Consumer Federation of America released the report on Monday, attacking the current real estate industry for allowing traditional brokers to charge a “fixed” commission of either 6% or 7%.

“Traditional brokers try to charge high, uniform prices regardless of the training and experience of the broker, the specific services offered, the number of brokers involved, and...
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