Contact: Albert Hepp or Pat Rioux
Phone: (800-556-3418) or (877-792-8114)
FOR IMMEDIATE RELEASE
June 19, 2006
FLAT-FEE REAL ESTATE BROKERS SUPPORT CONSUMER FEDERATION
OF AMERICA REPORT ABOUT DISCRIMINATION OF NON-TRADITIONAL BROKERS
The American Real Estate Broker Alliance, AREBA (www.AREBA.org) is in agreement with the Consumer Federation of America report that calls for the discontinuance of the subtle and not-so-subtle methods of discrimination against their members and other non-traditional service providers.
Stephen Brobeck and Patrick Woodall, authors of “How the Real Estate Cartel Harms Consumers and How Consumers Can Protect Themselves’ call for the discontinuance of any discrimination that “suppresses competition from non-traditional brokers who charge reduced fees, offer limited or web-based services, or provide exclusive buyer representation.” They state that the discrimination should be prohibited by laws that are vigorously enforced.
AREBA is active in challenging the growth of minimum service and anti-rebate laws in states which mandate additional services or make rebates illegal. Such laws drive up the cost of selling or buying a home and ignore the value of emerging technologies that create a more efficient transaction for a new generation of home buyers and sellers comfortable with email, instant messaging, etc.
AREBA members provide service in over half the nation and specialize in new business models that challenge the industry to make changes by improving access to data, providing a wider array of options for consumers, reducing cost and making the home buying and selling processes more efficient
The charter members, whose innovative companies provide service in over half of the nation, specialize in new business models that challenge the industry to make changes by improving access to data, providing a wider array of options for consumers, reducing cost and making the home buying and selling processes more efficient.
To learn more about AREBA, visit www.AREBA.org