Tuesday, July 3, 2007

Net's real-estate benefits unrealized, panel says

WASHINGTON — State laws and real-estate agents' business practices are preventing consumers from getting the full benefit of the competition that the Internet was expected to bring to the real-estate industry, federal regulators said Tuesday.
In a new report from the Federal Trade Commission (FTC) and the Department of Justice (DOJ), regulators said discount brokers and other rivals to traditional agents have been constrained in their ability to use the Internet to reduce fees and improve service. Read article...