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Article: Online real estate brokers get access to more listings
- Article from:
- Deseret News (Salt Lake City)
- Article date:
- May 28, 2008
- Author:
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Copyright informationCopyright 2008 Deseret News (Salt Lake City). Provided by ProQuest LLC. (Hide copyright information)
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WASHINGTON -- The Justice Department gave a boost Tuesday to
online real estate brokers -- and potentially their clients -- by
forcing new industry policies that give Internet-based agents access
to home listings they were previously denied.
The tentative settlement, which still requires court approval,
could save consumers thousands of dollars when buying a home.
Online real estate agents often charge discounted commission fees
and let buyers review listings at their own pace.
For years, however, Internet-based brokers were blocked from
accessing more than 800 multiple listing services nationwide
affiliated with the National Association of Realtors. An MLS is a
database of properties for ...
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