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Article: West Virginia Real Estate Commission Permits Real Estate Brokers to Offer Rebates and Other Discounts
- Article from:
- U.S. Newswire
- Article date:
- May 4, 2006
CopyrightCopyright 2006 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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WASHINGTON, May 4 /U.S. Newswire/ -- In response to a Department
of Justice antitrust investigation, the West Virginia Real Estate
Commission has rescinded a regulation that prohibited West Virginia
real estate brokers from offering rebates, inducements and other
discounts to consumers. The Department said that abolishing the
regulation will enable consumers to receive the full benefits of
competition -- lower prices and better services.
The Commission voted, on March 15, 2006, to repeal Commission Rule
CSR B'174-1-11 to permit real estate brokers to offer rebates,
inducements, gifts and other discounts immediately. By state law,
the amended rule enters into effect today, May 4, 2006.
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