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 websites consist of: ForSaleByOwner. com, http://www. forsalebyowner.com (last checked out April 20, 2007); FSBO.com, http://www. fsbo.com (last checked out April 20, 2007); craigslist. org, http://sfbay.
com, http://www. View website homesbyowner.com (last visited April 20, 2007). See Thorburn, Tr - how to become a real estate broker in california. what does under contract mean in real estate. at 97-98 (keeping in mind the range of tools 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 organization design). 94. Henderson, Tr. at 154. 95. Id. at 155 - what is escheat in real estate. 96. This assistance can consist of: finding and setting up for evaluation of homes by potential buyers; offering potential purchasers with details such as relative home worths and most recent asking price; assisting in the settlement procedure; and assisting to schedule and prepare for closing of the deal.
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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 conventional business "have a substantial 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 gone to April 20, 2007); FSBO.com, http://www.
com, http://www. homesbyowner (how to get real estate license in ga).com (last checked out April 20, 2007). 109. See, e. g., JustRealEstate. org, http://www. justrealestate.org (last checked out April 20, 2007). 110. See, e. g., Mortgage101. com, http://www. mortgage101.com (last checked out 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 also Whatley, Tr. at 160-61 (keeping in mind that customers now might look into online not only houses for sale, however likewise the whole purchasing and selling procedure). 114. American Bankers Association, Public Remark 10, at 3 (comment). See likewise Perriello, Tr. at 149 (listing numerous features of real estate websites, consisting of property pictures, virtual tours, rich text, mapping functionality, and neighborhood info); Sambrotto, Tr.
You can post color images. You can post virtual trips. chuck mcdowell wiki And you can have that information easily browsed and frequently searched by purchasers from their own homes 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 many states, there exists a single licensing board. Even more, NAR subscription is required for all agents and brokers that come from the huge majority of MLSs in the United States. Such entities are likely to acquire economically from increased entry into the brokerage market. 220. See Hsieh & Moretti, supra note 139, at 1089 (" as long as the commission rate is repaired, the amount of time that real estate agents dedicate to prospecting and farming relative to in fact selling a house or discovering an appropriate house for a purchaser increases as the marketplace becomes a growing number of competitive, that is, as more real estate agents are chasing after the exact same variety of customers").
Id. at 1089 (" the expense of finding a customer increases with the variety of realtors in the market, without always creating extra benefits to the consumer"). 222. These information come from the "total home selling expenditure" field in the Bureau of Labor Statistics' yearly Consumer Expenditure Survey from 1980-1990. This field also consists of selling expenses aside from commissions, like closing costs and lawyers costs, 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 evidence of entry as an outcome of the recent real estate market boom, along with evidence that NAR subscription has differed directly with housing prices for at least the past twenty years.
226. According to REAL Trends data, the number of transaction sides per agent declined 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 Comment 208, at 12. 228. Yun, Tr. at 225. See discussion in Hsieh & Moretti, supra note 139, at 1116 (estimating $1.
2 billion social waste resulting from excess entry in 1990). 229. See Hsieh, Tr. at 233 (" [T] he real puzzle in the realty organization is why does there appear to be this fairly repaired commission structure?"); Salinger, Tr. at 248 (" [A] s Dr. Hsieh and I make sure lots of individuals today have actually mentioned, the puzzle is why the portion commission has been so stubbornly relentless."); Hsieh & Moretti, supra note 139, at 1086 (" The evident harmony of commission rates provides a huge puzzle, especially if one believes that the expense and effort necessary to sell a house do not increase one to one with the cost of housing.
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230. ALA. CODE 34-27-36 (1975 ). 231. ALASKA STAT. 08. 88.401 (Michie 2005). 232. KAN. STAT. ANN. 58-3062 (2006 ). 233. LA. REV. STAT. ANN. 37:1455 (West 2006 ). 234. MISS. CODE ANN. 73-35-21 (2006 ). 235. MO. REV. STAT. 339. 150( 2006). 236. N.J. STAT. ANN. 45:15 -3. 1 (West 2006). 237. N.D. CENT. 1( 2006). 238. OKLA. STAT. ANN. tit. 59, 858-312 (West 2006). 239. OR. REV. STAT. 696. 290( 2005). 240. IOWA CODE 543B.60 A( 2005 ). 241. Based on weighted typical prices of new and existing homes in 2005($ 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 receive $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 should 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 Check out here a qualified federal government company or official).
2003), offered at http://www. ftc.gov/ os/2003/09/ stateactionreport. pdf (analyzing state action resistance doctrine). 243. See, e. g., Hoover v. Ronwin, 466 U.S. 558, 568 (1984) (" Closer analysis is needed when the activity at issue is not directly that of the legislature or supreme court, but is brought out by others pursuant to state authorizations."); Southern Motor Carriers Rate Conference v.