A-00-CA-154JN, 2000 WL 34239114, at * 2 (W.D. Tex. Mar. 30, 2000). 87. DelBianco, Tr. at 182. 88. Id. 89. Id. 90. Id. at 186. 91. Examples of FSBO websites include: ForSaleByOwner. com, http://www. forsalebyowner.com (last gone to April 20, 2007); FSBO.com, http://www. fsbo.com (last checked out April 20, 2007); craigslist. org, http://sfbay.
com, http://www. homesbyowner.com (last visited April 20, 2007). See Thorburn, Tr - what can i do with a real estate license. how to make money in real estate with no money. at 97-98 (keeping in mind the range of tools offered to FSBOs). See also GAO REPORT, supra note 3, at 20. 92. Sambrotto, Tr. at 86. 93. See ForSaleByOwner. com Corp. v. Zinnemann, 347 F. Supp. 2d 868, 870-71 (E.D. Cal.
com service design). 94. Henderson, Tr. at 154. 95. Id. at 155 - what is rvm in real estate. 96. This help can include: finding and arranging for inspection of properties by prospective purchasers; offering prospective purchasers with info such as relative residential or commercial property values and newest asking price; helping in the settlement procedure; and assisting to schedule and get ready for closing of the deal.
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Henderson, Tr. at 156-57. 98. NAR 2006 SURVEY, supra note 4, at 77. 99. Id. at 80, 68. 100. NAR 2005 SURVEY, supra note 38, at 59. 101. See Hahn, Tr. at 29-30; AEI-Brookings Paper, supra note 3, at 13 n. 49; Nadel, supra note 25, at 4-5. 102. See Perriello, Tr.
at 174 (keeping in mind that all traditional business "have a substantial online presence"). 103. NAR 2006 SURVEY, supra note 4, at 44. 104. See Whatley, Tr. at 160-61. 105. Id. at 210-11. 106. Id. at 161. 107. Id. 108. E.g., ForSaleByOwner. com, http://www. forsalebyowner.com (last checked out April 20, 2007); FSBO.com, http://www.
com, http://www. homesbyowner (what percentage do real estate agents get).com (last gone to April 20, 2007). 109. See, e. g., JustRealEstate. org, http://www. justrealestate.org (last checked out April 20, 2007). 110. See, e. g., Mortgage101. com, http://www. mortgage101.com (last visited April 20, 2007). 111. See, e. g., Zillow. com, http://www. zillow.com (last gone to April 20, 2007). 112. Shortt, Public Comment 311, at 1.
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Perriello, Tr. at 149. See likewise Whatley, Tr. at 160-61 (keeping in mind that customers now may look into online not just homes for sale, but likewise the whole purchasing and offering process). 114. American Bankers Association, Public Comment 10, at 3 (comment). See also Perriello, Tr. at 149 (listing a number of features of genuine estate websites, including residential or commercial property photos, virtual tours, abundant text, mapping functionality, and neighborhood information); Sambrotto, Tr.
You can publish color pictures. You can publish virtual trips. And you can have that details quickly browsed and often browsed by purchasers from their own houses on the [I] nternet."). 115. DelBianco, Tr. at 185. 116. NAR 2005 STUDY, supra note 38, at 29. 117. NAR 2006 STUDY, supra note 4, at 37. In many states, there exists a single licensing board. Further, NAR membership is needed for all representatives and brokers that belong to the vast majority of MLSs in the United States. Such entities are likely to acquire financially from increased entry into the brokerage industry. 220. See Hsieh & Moretti, supra note 139, at 1089 (" as long as the commission rate is fixed, the amount of time that real estate agents dedicate to prospecting and farming relative to in fact offering a home or finding an appropriate home for a purchaser increases as the marketplace becomes increasingly more competitive, that is, as more real estate agents are chasing the very same number of clients").
Id. at 1089 (" the expense of finding a client increases with the variety of realtors in the market, without always producing additional advantages to the customer"). 222. These information originate from the "overall home offering expense" field in the Bureau of Labor Data' annual Consumer Expenditure Study from 1980-1990. This field likewise consists of selling expenditures besides commissions, like closing expenses and lawyers charges, so it is most likely to overstate the real commission rate.
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Id. at 1082. 223. Id. at 1118. 224. Id. at 1116-17. 225. See Hsieh & Moretti, supra note 139, at 213 and accompanying text. Yun revealed evidence of entry as an outcome of the recent real estate market boom, as well as evidence that NAR membership has actually differed straight with housing costs for a minimum of the past 20 years.
226. According to REAL Trends data, the number of transaction sides per representative decreased from 12. 7 in 2000 to 10. 2 in 2005. See http://www. remax-cahi. com/esource/marketingmaterials/ 2005realtrends500. pdf; and http://www. realtrends.com/past_newsletters. asp?article= newsletters/2005 _ 04_6. htm. 227. NAR, Public Remark 208, at 12. 228. Yun, Tr. at 225. See conversation in Hsieh & Moretti, supra note timeshare rescission 139, at 1116 (approximating $1.
2 Check out the post right here billion social waste resulting from excess entry in 1990). 229. See Hsieh, Tr. at 233 (" [T] he real puzzle in the genuine estate company is why does there seem to be this fairly fixed commission structure?"); Salinger, Tr. at 248 (" [A] s Dr. Hsieh and I'm sure many individuals today have actually pointed out, the puzzle is why the percentage commission has actually been so stubbornly consistent."); Hsieh & Moretti, supra note 139, at 1086 (" The apparent uniformity of commission rates provides a massive puzzle, specifically if one thinks that the cost and effort needed to sell a home do not increase one to one with the price of real estate.
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230. ALA. CODE 34-27-36 (1975 ). 231. ALASKA STAT. 08. 88.401 (Michie 2005). 232. KAN. STAT. ANN. 58-3062 (2006 ). 233. LA. REV. STAT. ANN. 37:1455 (West 2006 ). 234. MISS. CODE ANN. 73-35-21 (2006 ). 235. MO. REV. STAT. 339. 150( 2006). 236. N.J. STAT. ANN. 45:15 -3. 1 (West 2006). 237. N.D. CENT. 1( 2006). 238. OKLA. STAT. ANN. tit. 59, 858-312 (West 2006). 239. OR. REV. STAT. 696. 290( 2005). 240. IOWA CODE 543B.60 A( 2005 ). 241. Based on weighted typical sales price of new and existing houses in 2005($ 271,263), the buyer's broker's share of a $13,834 commission would be $6,917. A purchaser who is rebated half of this would get $3,459.
242. See, e. g., California Retail Liquor Dealers Ass 'n v. Midcal Aluminum, Inc., 445 U.S. 97, 105 (1980) (entity declaring state action resistance from federal antitrust laws need to show that its actions are (1) pursuant to a plainly articulated state policy purposefully displacing competition with an alternative regulative plan and (2) actively monitored by the state or a competent federal government firm or authorities).
2003), offered at http://www. ftc.gov/ os/2003/09/ stateactionreport. pdf (analyzing state action immunity doctrine). 243. See, e. g., Hoover v. Ronwin, 466 U.S. https://www.fxstat.com/en/user/profile/reprianrbw-296405/blog/36695713-Facts-About-What-Is-Arv-In-Real-Estate-Uncovered 558, 568 (1984) (" Closer analysis is needed when the activity at problem is not directly that of the legislature or supreme court, but is performed by others pursuant to state authorizations."); Southern Motor Carriers Rate Conference v.