The Federal Trade Commission and the Department of Justice are out with a new joint report looking into competition in the real estate industry, including the impact of the Internet. The report quotes me in several places about my role at eRealty.com, a startup that was crushed by National Association of Realtors (NAR) rules. Meanwhile, the CBS news magazine 60 Minutes is doing a story this Sunday (May 13, 7pm EDT) about the NAR and its campaign against internet-based business models that discount commissions. I’ll be appearing in the piece, and in my interviews I urge the Realtors to allow innovation and price competition in their own ranks, or risk losing their lucrative legacy business to competition from non-Realtors who don’t have to follow NARs rules.
Posted 05/10/2007 | Media Hits and Press Statements