Article: Banks, real estate agents square off

Banks, real estate agents square off

At issue is who should sell properties

By SHARON THEIMER Associated Press

Sunday, June 29, 2003

Washington -- When Rep. Anne Northup, a longtime banking industry ally, sided with rival real estate agents in a legislative dispute over home sales, her campaign treasury felt the impact: Bankers' donations to the Kentucky Republican declined while those from real estate agents shot up.

With campaign cash, advertising and grass-roots contacts in every community in America, the two well-heeled industries are engaged in a Goliath campaign to persuade lawmakers to take sides in a fight over whether banks will be permitted to sell real estate.

"I don't know of one ...

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