Limited service brokerages under fire again

Another state real estate commission has succumbed, at least temporarily, to pressure from the Department of Justice and Federal Trade Commission’s warnings against the imposition of minimum service regulations for real estate brokers. The effect of such regulations is to limit consumer choice regarding real estate services.

State officials have scheduled a meeting in Las Cruces, N.M. at the real estate brokerage office of David Steinborn, who also just happens to be the president of the New Mexico Real Estate Commission. Local flat fee brokers claim that the meeting is being held some 230 miles away from the real estate commissions office in order to make it difficult for opponents of the measures to attend the meeting.

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