coondoggie writes "Hard to believe but until today most Internet-based real-estate brokers were considered second class citizens and clients were left in the cold. But perhaps with today's news that the Department of Justice has reached a proposed settlement with the National Association of Realtors (NAR) that requires NAR to let Internet-based residential real estate brokers compete with traditional brokers that will change. The idea of course is to enhance competition in the real estate brokerage industry, resulting in more choice, better service, and lower commission rates for consumers. NAR has agreed to be bound by a 10-year settlement to ensure that it continues to abide by the requirements of the agreement. NAR is a trade association of more than 1.2 million residential real estate members who operate in local real estate markets nationwide.
http://www.networkworld.com/community/node/28143" Link to Original Source
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