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 sites include: ForSaleByOwner. com, http://www. forsalebyowner.com (last visited 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 checked out April 20, 2007). See Thorburn, Tr - how to invest in real estate with no money. how to become a real estate agent in pa. at 97-98 (keeping in mind the variety of tools readily available to FSBOs). See likewise 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 model). 94. Henderson, Tr. at 154. 95. Id. at 155 - what are the requirements to be a real estate appraiser. 96. This help can include: finding and arranging for evaluation of residential or commercial properties by prospective purchasers; savannah timeshare offering prospective buyers with info such as relative property values and latest selling prices; assisting in the negotiation process; and assisting to schedule and get ready for closing of the transaction.
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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 standard business "have a significant online presence"). 103. NAR 2006 STUDY, 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 (how much does it cost to get a real estate license).com (last checked out April 20, 2007). 109. See, e. g., JustRealEstate. org, http://www. justrealestate.org (last visited 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 visited April 20, 2007). 112. Shortt, Public Remark 311, at 1.
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Perriello, Tr. at 149. See likewise Whatley, Tr. at 160-61 (keeping in mind that customers now might investigate online not only houses for sale, but also the entire buying and offering process). 114. American Bankers Association, Public Remark 10, at 3 (comment). See also Perriello, Tr. at 149 (listing numerous features of realty sites, consisting of property pictures, virtual tours, abundant text, mapping performance, and neighborhood details); Sambrotto, Tr.
You can post color images. You can publish virtual trips. And you can have that details quickly browsed and regularly searched by buyers from their own houses on the [I] nternet."). 115. DelBianco, Tr. at 185. 116. NAR 2005 SURVEY, supra note 38, at 29. 117. NAR 2006 STUDY, supra note 4, at 37. In most states, there exists a single licensing https://www.taringa.net/thotheavij/facts-about-how-to-buy-real-estate-with-no-money-down-uncovered_51y0by board. Further, NAR subscription is required for all representatives and brokers that belong to the vast majority of MLSs in the United States. Such entities are likely to get economically from increased entry into the brokerage industry. 220. See Hsieh & Moretti, supra note 139, at 1089 (" as long as the commission rate is repaired, the quantity of time that real estate agents dedicate to prospecting and farming relative to really offering a home or discovering a suitable house for a purchaser increases as the marketplace ends up being more and more competitive, that is, as more realtors are chasing the same variety of consumers").
Id. at 1089 (" the expense of finding a customer increases with the variety of real estate agents in the market, without necessarily creating additional benefits to the customer"). 222. These information originate from the "overall house selling cost" field in the Bureau of Labor Data' yearly Customer Expense Survey from 1980-1990. This field also includes selling expenses besides commissions, like closing costs and lawyers fees, so it is 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 proof of entry as an outcome of the recent housing market boom, as well as proof that NAR membership has actually differed straight with housing costs for a minimum of the past twenty years.
226. According to REAL Trends information, the variety of deal sides per agent 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 discussion in Hsieh & Moretti, supra note 139, at 1116 (approximating $1.
2 billion social waste arising from excess entry in 1990). 229. See Hsieh, Tr. at 233 (" [T] he real puzzle in the property organization is why does there seem to be this fairly repaired commission structure?"); Salinger, Tr. at 248 (" [A] s Dr. Hsieh and I make certain many individuals today have actually pointed out, the puzzle is why the percentage commission has actually been so stubbornly persistent."); Hsieh & Moretti, supra note 139, at 1086 (" The evident harmony of commission rates presents a massive puzzle, specifically if one believes that the cost and effort essential to offer a house do not increase one to one with the rate of real estate.
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230. ALA. CODE 34-27-36 (1975 ). 231. ALASKA STAT. 08. 88.401 (Michie 2005). 232. KAN. STAT. ANN. 58-3062 (2006 ). 233. LA. REV. STAT. ANN. 37:1455 (West 2006 ). 234. MISS. CODE ANN. 73-35-21 (2006 ). 235. MO. REV. STAT. 339. 150( 2006). 236. N.J. STAT. ANN. 45:15 -3. 1 (West 2006). 237. N.D. CENT. 1( 2006). 238. OKLA. STAT. ANN. tit. 59, 858-312 (West 2006). 239. OR. REV. STAT. 696. 290( 2005). 240. IOWA CODE 543B.60 A( 2005 ). 241. Based upon weighted average sales cost of brand-new and existing homes in 2005($ 271,263), the purchaser's broker's share of a $13,834 commission would be $6,917. A buyer 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 claiming state action resistance from federal antitrust laws must show that its actions are (1) pursuant to a plainly articulated state policy intentionally displacing competition with an alternative regulative plan and (2) actively supervised by the state or a qualified government company or official).
2003), readily available at http://www. ftc.gov/ os/2003/09/ stateactionreport. pdf (examining state action resistance teaching). 243. See, e. g., Hoover v. Ronwin, 466 U.S. 558, 568 (1984) (" Closer analysis is needed when the activity at concern is not directly that of the legislature or supreme Check out here court, but is brought out by others pursuant to state permissions."); Southern Motor Carriers Rate Conference v.