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Internet-Based Realtors Win Monster Settlement

Posted by kdawson on from the disintermediation-works-eventually dept.

coondoggie writes "Until today, most Internet-based real-estate brokers were considered second-class citizens, and their clients were left in the cold. But perhaps that will change with today's news that the Department of Justice has reached a proposed settlement with the National Association of Realtors that requires NAR to let Internet-based residential real estate brokers compete with traditional brokers. NAR has agreed to be bound by a 10-year settlement, under whose terms NAR will repeal its anticompetitive policies and require affiliated multiple listing services to repeal their rules that were based on these policies." Here's the whole settlement document on the DoJ's site.

7 of 337 comments (clear)

  1. Monster? by Mistah+Bunny · · Score: 2, Funny

    When I saw "Monster Suit" I at first thought the article would be about realtors winning a suit against Monster Cable. What realtors would call themselves monsters?

    1. Re:Monster? by oodaloop · · Score: 2, Funny

      I thought it had to do with flying pasta.

      --
      Tic-Tac-Toe, Global Thermonuclear War, and relationships all have the same winning move.
  2. Re:Won't change a thing by Vectronic · · Score: 5, Funny

    "I happen to have three realtors on my doorstep..."

    Shit, is this a new fad like pink flamingo's and garden gnomes?

    "...and they sing the same song..." Aww, a triplet, do they dance too? If I tickle the right ones tummy, does he give me the key to your house?

    Now I want realtors for my porch.

  3. Re:Outmoded Business Model? by flanksteak · · Score: 4, Funny

    Apparently the Realtors didn't pay enough to their lobbiests and lawyers. Just look at how the MAFIAA has done at getting policies and laws to lock in a outmoded business model. It's not just money that helps the **AA, it's movie and rock stars. Nobody gets excited about getting lobbying calls from a realtor.
  4. It must be said... by chill · · Score: 3, Funny

    Welcome to the 21st Century, Century 21.

    --
    Learning HOW to think is more important than learning WHAT to think.
  5. Re:Great. by phoenixwade · · Score: 4, Funny

    Unless you've gone through the hassle of buying (or attempted to buy) a house this wouldn't be very clear. Did you really just say that he will become relevant when he moves out of his parents house?

    That was very smooth!
    --
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort.
  6. Re:Great. by mrbluze · · Score: 5, Funny

    Just pass on by the ones you don't want to read Nah, half the fun of this site is to get annoyed and stamp one's feet at stuff randomly.
    --
    Do it yourself, because no one else will do it yourself. [beta blockade 10-17 Feb]