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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. …
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cityservice in the news…

10/11/2006
Forbes Online

cityservice revolutionizes Real Estate commissions. Sellers pay 1.49% commission, buyers receive 25% rebate…
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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…
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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…
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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…
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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…
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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…
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