Marin Real Estate Pulse

After a parade of seven witnesses (plus Full Committee Chair Michael Oxley) who appeared before the House Banking Subcommittee on Housing and Community Opportunity to testify about alleged limitations on competition from Internet competitors by the National Association of Realtors and its affiliated multiple listing services, the defense got a few words in edgewise.

...Both Lewis and Ms. Vredeycogd-Combs cited recent studies that indicate commissions have been trending down - going from 6.1 percent in 1991 to the current average of 5.1 percent. That is not a one percent decrease, Lewis said, but a 16 percent decrease, a level not experienced by many industries over the same period of time.

This entry was posted on Tuesday, August 29th, 2006 at 1:41 pm and is filed under Blog. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.