What Are Anti-Competitive Practices in NYC Real Estate?

Nick at Hauseit (https://www.hauseit.com) shares examples of illegal, anti-competitive practices in the NYC real estate brokerage industry. Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. How it works: https://www.hauseit.com/how-it-works/
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Read full blog post: https://www.hauseit.com/anti-competitive-practices-nyc-real-estate/

Anti-competitive practices include any actions taken by an individual agent or brokerages or a group of agents which seeks to keep commission rates artificially high by suppressing or discouraging competition.

Anti-competitive practices also include the failure to disclose all information to consumers, as this lack of transparency may deter or otherwise discourage a consumer from seeking the best possible terms when it comes to commission rates.

What are some obvious examples? If two or three brokerage firms agree that none of them will allow any broker to charge less than say 5.5% commission that is an anti-competitive practice. If a broker or a group of agents refuses to work with discount brokers, that is an anti-competitive practice, and if an agent tells a buyer that buyer agent commission rebates are illegal, that is an anti-competitive practice.
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Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. How it works: https://www.hauseit.com/how-it-works/

Hauseit Group LLC, Licensed Real Estate Broker
Tel: +1 (888) 494-8258
Email: team@hauseit.com
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