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The Real Estate Cartel
06-24-2012, 09:13 AM
Post: #1
The Real Estate Cartel
Written by Eric Eckardt

Due to the collaboration and market practices by traditional brokerages and framework developed by the National Assocation of Realtors, price-fixing type collusion is taking place throughout the United States in the residential real estate sector, which are being championed by the leadership at these large organizations which monopolize regional marketplaces.

In the real estate industry, industry practices are being "ecouraged" primarily from the Real Estate Cartel Leadership from traditional real estate firms like Realogy which owns a portfolio of real estate brands including Better Homes & Garden, Century21, Sotheby’s, ERA, and Coldwell Banker. The National Association of Realtor (NAR) is also a major force in this cartel and one of the most powerful players in this movement.

During our research, I actually found reports done back in 2005 by the Consumer Federation of America addressing the price setting by traditional real estate firms and their antitrust practices against non-traditional real estate brokerage that went against the “norm” to keep commission levels inflated.

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