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DO ANTITRUST LAWS APPLY TO THE REAL ESTATE BROKERAGE INDUSTRY? *
Author(s) -
MILLER NORMAN G.,
SHEDD PETER J.
Publication year - 1979
Publication title -
american business law journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.248
H-Index - 23
eISSN - 1744-1714
pISSN - 0002-7766
DOI - 10.1111/j.1744-1714.1979.tb00006.x
Subject(s) - miller , real estate , estate , citation , law , management , library science , sociology , law and economics , political science , economics , computer science , ecology , biology
Since the beginning of organized real estate brokerage practice, real estate brokers have enjoyed fairly uniform commission rates.’ During the past decade, they also have relied heavily on their multiple listing services as a central clearinghouse and source of market information. The multiple listing service and uniform commission rates have stimulated extensive antitrust litigation. Nevertheless, legal pressures against antitrust violations have had a relatively minor impact on the real estate brokerage industry. This article examines (1) the bases for the legal issues that have been raised and (2) the economic environment as an explanation why the brokerage commission schedule has been un-