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 sites include: ForSaleByOwner. com, http://www. forsalebyowner.com (last checked out April 20, 2007); FSBO.com, http://www. fsbo.com (last visited April 20, 2007); craigslist. org, http://sfbay.
com, http://www. homesbyowner.com (last gone to April 20, 2007). See Thorburn, Tr - what does arv mean in real estate. how to buy real estate with no money. at 97-98 (keeping in mind the variety of tools available to FSBOs). See also 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 model). 94. Henderson, Tr. at 154. 95. Id. at 155 - how to start real estate investing. 96. This assistance can consist of: locating and scheduling assessment of homes by prospective purchasers; supplying prospective purchasers with details such as relative property worths and latest asking price; assisting in the negotiation procedure; and assisting to schedule and get ready 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 (noting that all standard business "have a substantial online presence"). 103. NAR 2006 SURVEY, 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 checked out April 20, 2007); FSBO.com, http://www.
com, http://www. homesbyowner (what is escheat in real estate).com (last checked out April 20, 2007). 109. See, e. g., JustRealEstate. org, http://www. justrealestate.org (last gone to 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 gone to 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 (noting that customers now might look into online not just houses for sale, but also the whole purchasing and selling procedure). 114. American Bankers Association, Public Remark 10, at 3 (remark). See also Perriello, Tr. at 149 (listing numerous features of realty sites, consisting of home pictures, virtual tours, rich text, mapping functionality, and neighborhood info); Sambrotto, Tr.
You can post color photos. You can publish virtual trips. And you can have that info easily searched and frequently browsed by purchasers from their own houses on the [I] nternet."). 115. DelBianco, Tr. at 185. 116. NAR 2005 SURVEY, supra note 38, at https://zenwriting.net/mothinw33w/where-to-discover-cash-buyers-the-essential-to-success-in-wholesale-real-estate 29. 117. NAR 2006 SURVEY, supra note 4, at 37. In many states, there exists a single licensing board. Further, NAR subscription is needed for all agents and brokers that belong to the large majority of MLSs in the United States. Such entities are most likely to get financially from increased entry into the brokerage industry. 220. See Hsieh & Moretti, supra note 139, at 1089 (" as long as the commission rate is repaired, the quantity of time that real estate agents dedicate to prospecting and farming relative to really offering a home or finding a proper home for a purchaser increases as the marketplace ends up being more and more competitive, that is, as more real estate agents are chasing the same number of clients").
Id. at 1089 (" the cost of finding a client increases with the number of real estate agents in the market, without always generating fringe benefits to the customer"). 222. These information originate from the "overall house offering cost" field in the Bureau of Labor Stats' yearly Consumer Expenditure Study from 1980-1990. This field also includes selling costs besides commissions, Visit the website like closing costs and attorneys fees, so it is most likely to overemphasize the actual 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 showed proof of entry as a result of the current real estate market boom, in addition to evidence that NAR subscription has actually varied straight with housing rates for at least the previous 20 years.
226. According to REAL Trends information, the variety of deal sides per representative 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 $1.
2 billion social waste arising from excess entry in 1990). 229. See Hsieh, Tr. at 233 (" [T] he real puzzle in the realty service is why does there appear to be this fairly repaired commission structure?"); Salinger, Tr. at 248 (" [A] s Dr. Hsieh and I'm sure numerous individuals today have pointed out, the puzzle is why the portion commission has actually been so stubbornly relentless."); Hsieh & Moretti, supra note 139, at 1086 (" The apparent uniformity of commission rates provides an enormous puzzle, especially if one thinks that the expense and effort essential to sell a home do not increase one to one with the price of housing.
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230. ALA. CODE 34-27-36 (1975 ). 231. ALASKA STAT. 08. 88.401 (Michie 2005). 232. KAN. STAT. ANN. 58-3062 (2006 ). 233. LA. REV. STAT. ANN. 37:1455 (West 2006 ). 234. MISS. CODE ANN. 73-35-21 (2006 ). 235. MO. REV. STAT. 339. 150( 2006). 236. N.J. STAT. ANN. 45:15 -3. 1 (West 2006). 237. N.D. CENT. 1( 2006). 238. OKLA. STAT. ANN. tit. 59, 858-312 (West 2006). 239. OR. REV. STAT. 696. 290( 2005). 240. IOWA CODE 543B.60 A( 2005 ). 241. Based on weighted typical list prices of new and existing homes in 2005($ 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 get $3,459.
242. See, e. g., California Retail Alcohol Dealers Ass 'n v. Midcal Aluminum, Inc., 445 U.S. 97, 105 (1980) (entity declaring state action resistance from federal antitrust laws should show that its actions are (1) pursuant to a plainly articulated state policy deliberately displacing competition with an alternative regulatory scheme and (2) actively monitored by the state or a certified federal government firm or official).
2003), available at http://www. ftc.gov/ os/2003/09/ stateactionreport. pdf (examining state action immunity teaching). 243. See, e. g., Hoover v. Ronwin, 466 U.S. 558, 568 (1984) (" Closer analysis is needed when the activity at concern is not directly that foreclosure fortunes cancellation of the legislature or supreme court, but is performed by others pursuant to state permissions."); Southern Motor Carriers Rate Conference v.