11 Jan 2006
Lobbying to Sell Your House

These are the same folks always thumping about how great the free market is, and moaning about excessive government regulations. Yet the hold they have over the housing market only exists because of government regulation, which works to keep the competition out of the market. So as it turns out, there's another way to spell "monopoly": R-E-A-L-T-O-R...

The National Association of Realtors is going to the mat for its six percent by stonewalling banks that want to get into the real estate brokerage business.

(link) [New York Times]

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