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5/13/07
CBS News Online: Chipping Away
At Realtors' Six Percent
Lehrer Willis and his fiancée Bridgette Takeuchi of
Seattle, young and Internet savvy, took a big chance
when they decided not to hire a traditional real estate
agent. Instead, they both sold their old house and bought
a new one online.
read
more
cityservice in the news
10/11/2006
Forbes Online
cityservice revolutionizes Real Estate commissions.
Sellers pay 1.49% commission, buyers receive 25% rebate
read more...
Real Estate Status Quo Draws Fire
6/1/06
Consumer Federation of America:
How the Real Estate Cartel Harms Consumers and How
Consumers Can Protect Themselves
Traditional real estate brokers perform a useful consumer
service in facilitating the purchase and sale of houses
and land. Moreover, they have established a system that
is very convenient for home buyers and sellers. Unfortunatley,
these traditional brokers also act a a price-setting
cartel that maximizes their opportunities to charge
read more
9/13/05
The Philadelphia Inquirer: Realtor's
System Due For Overhaul.
How much does it cost to sell a home? Unfortunately,
though Realtors' commissions are negotiable, you're
virtually sure to pay 5 percent or 6 percent of the
sales price
read more
8/12/05
The Wall Street Journal: The
Realtor Racket
Why is the real estate lobby urging state legislatures
to enact regulations to make buying and selling homes
as expensive as possible? We ask this question because
in recent
read more...
7/18/05
Newsweek: Cutting the Commissions
Will the Internet finally smash the real-estate cartel?
Home prices have risen 40 % resulting in huge increases
in Realtor commissions, yet
read more...
6/29/05
Department of Justice: Justice
Department Moves to Modify Real Estate Consent Decree
The Justice Department moved to modify a consent decree
to allow the public to have access to more information
about the different kinds of fees charged by real estate
agents and brokers
read more...
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