Article: WEST VIRGINIA REAL ESTATE COMMISSION PERMITS REAL ESTATE BROKERS TO OFFER REBATES, OTHER DISCOUNTS

The U.S. Department of Justice's Antitrust Division issued the following press release:

In response to a Department of Justice antitrust investigation, the West Virginia Real Estate Commission has rescinded a regulation that prohibited West Virginia real estate brokers from offering rebates, inducements and other discounts to consumers.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 §174-1-11 to permit real estate brokers to offer rebates, inducements, gifts and other discounts immediately. By state law, the ...

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