News Summary for July 19
Realty Times wrote an article this week on the interesting trends among second home buyers that includes information from NAR’s Profile of Second-Home Owners. The Deseret Morning News ran a story on former NAR President Al Mansell announcing his early retirement from the Utah Senate.
The FTC announced that the Austin Board of Realtors allegedly violated antitrust laws by blocking sellers who listed with discount brokers from marketing their homes on Web sites associated with the board. The Washington Post reported on the story and included a statement from the Austin Board of Realtors that “it dropped its rule last year and that the FTC misrepresented its aim.” A Realty Times article fired back at the FTC saying “Once again, the Feds are after real estate associations for rules they have already rescinded.”
