State laws - Fee for Real Estate Service and Rebates
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04-23-2012, 10:12 PM
Post: #1
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State laws - Fee for Real Estate Service and Rebates
State laws - Fee for Real Estate Service and Rebates
US Dept of Justice list of states Dated 2005 so check with your state real estate dept to get an update http://www.justice.gov/atr/public/real_e...tails.html Some states require consumers to purchase certain brokerage services whether they want them or not. Choice of brokerage services in your state: Click a state on the map or select a state from the list to learn about state laws or regulations affecting competition in real estate. For a complete listing, see Guide to State Real Estate Laws and Regulations. http://www.justice.gov/atr/public/real_e...tates.html An additional eight states have minimum service requirements but allow consumers to waive those extra services, preserving choice. Those states are Delaware, Florida, Nevada, New Mexico, Ohio, Pennsylvania, Tennessee, and Wisconsin. Department of Justice Efforts Regarding Minimum Service Laws The Antitrust Division informs government decision makers about the competitive effects of laws or regulations that restrict licensed brokers from offering consumers the option to select specific brokerage services. This page provides details on the Antitrust Division’s efforts in selected states: http://www.justice.gov/atr/public/real_e...tails.html Some states ban brokers from offering cash rebates to consumers. Rebates in your state: Click a state on the map or select a state from the list to learn about state laws or regulations affecting competition in real estate. http://www.justice.gov/atr/public/real_e...tails.html For a complete listing, see Guide to State Real Estate Laws and Regulations. http://www.justice.gov/atr/public/real_e...tates.html Department of Justice Efforts to Lift Rebate Bans The Division investigates state commissions and other bodies that regulate real estate brokers in ways that restrict licensed brokers from offering rebates. The Division also informs states about the competitive effects of real estate legislation. This section provides details on the Antitrust Division's efforts in selected states: |
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04-24-2012, 05:58 AM
Post: #2
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RE: State laws - Fee for Real Estate Service and Rebates
Thank you for posting this here, Lester! It's fantastic information - I had no idea this level of detail existed. I wonder if Canadian provinces have something similar?
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04-26-2012, 04:08 PM
(This post was last modified: 04-26-2012 04:10 PM by Jennifer Allan Hagedorn.)
Post: #3
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RE: State laws - Fee for Real Estate Service and Rebates
Lester's links somehow got corrupted, so here they are again - these should work:
Laws or regulations affecting competition in real estate, by state: http://www.justice.gov/atr/public/real_e...tates.html A US map - same data as above: http://www.justice.gov/atr/public/real_e...s-map.html States that ban cash rebates: http://www.justice.gov/atr/public/real_e...tails.html States with minimum service requirements: http://www.justice.gov/atr/public/real_e...tails.html |
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04-27-2012, 10:48 AM
Post: #4
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RE: State laws - Fee for Real Estate Service and Rebates
RE: State laws - Fee for Real Estate Service and Rebates
Thanks for fixing the links Lester posted. Have a happy day - Lynn Lynn B. Friedman, REALTOR ® "Real estate is our product but SERVICE is our business." ODAT Realty Services, Inc. 404-939-2727 |
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