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Article: FTC RULES MICHIGAN REALTORS' GROUP REDUCED COMPETITION, HARMED CONSUMERS BY RESTRICTING ACCESS TO DISCOUNT REALTORS' LISTINGS ON ITS MULTIPLE LISTING SERVICE, PUBLIC WEB SITES
- Article from:
- US Fed News Service, Including US State News
- Article date:
- November 4, 2009
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WASHINGTON, Nov. 2 -- The Federal Trade Commission issued the following press release:
The Federal Trade Commission today issued an Opinion finding that Realcomp II - a Michigan-based realtors' group - violated federal law by restricting the ability of member real estate agents to offer consumers lower-priced alternatives to traditional real estate services. Realcomp refused to transmit discount real estate listings to its own and other publicly available Web sites and excluded such listings from the default searches within its own database. The Commission found that these policies restricted access to these listings and harmed competition. The FTC's Final Order requires Realcomp to provide ...