FTC Attacks Real Estate Board In Antitrust Probe

Law360, New York (July 13, 2006, 12:00 AM EDT) -- Determined to crack down on the allegedly anti-competitive practices haunting the real estate industry, the U.S. Federal Trade Commission has accused the Austin Board of Realtors of implementing a rule that illegally restrains competition for consumers.

The FTC announced the enforcement action on Wednesday, revealing that the agency had taken the ABOR to task for refusing to list “potentially lower-cost unbundled brokerage services” on various public Web sites.

“ABOR’s Web site rules create significant roadblocks for real estate brokers to offer consumers alternatives to full-service brokerage...
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