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How Rebate Bans, Discriminatory MLS Listing Policies, and Minimum Service Requirements Can Reduce Price Competition for Real Estate Brokerage Services and Why It Matters

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  • Matthew Magura

    (Economic Analysis Group, Antitrust Division, Department of Justice)

Abstract

Institutional characteristics of a typical residential real estate transaction may create a causal link between commission rate reductions and service degradation. Such a link mitigates agents’ incentive to compete on commission rates. Rebate bans, discriminatory MLS listing policies, and minimum service requirements strengthen the link thereby frustrating greater commission rate competition. Eliminating rebate bans, discriminatory MLS listing policies and minimum service requirements will increase commission rate competition and reduce wasteful rent seeking by agents.

Suggested Citation

  • Matthew Magura, 2007. "How Rebate Bans, Discriminatory MLS Listing Policies, and Minimum Service Requirements Can Reduce Price Competition for Real Estate Brokerage Services and Why It Matters," EAG Discussions Papers 200708, Department of Justice, Antitrust Division.
    • Handle: RePEc:doj:eagpap:200708
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    File URL: https://www.justice.gov/atr/public/eag/225695.pdf
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    Cited by:

    1. Anupam Nanda & Katherine A. Pancak, 2009. "Broker Duty to Clients: Why States Mandate Minimum Service Requirements," Alumni working papers 2009-01, University of Connecticut, Department of Economics.

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