The United States Department of Justice reached a settlement today with a local South Carolina MLS Board - the CMLS, opening the way for consumers to list on that MLS for a Flat Fee and save thousands on commissions.
This is important because it sets a precedent protecting the rights of consumers pay for specific services when selling a home creating significant savings on commissions.
"For most Americans, purchasing a home is the most significant purchase of their life. This settlement demonstrates the Department of Justice’s continuing commitment to preserve competition in the real estate brokerage industry."
- Christine A. Varney, Assistant Attorney General in charge of the Department’s Antitrust Division.
Read the full DOJ Press release here
The trend toward lower commissions and more consumer control of the selling process has a powerful ally in the Department of Justice and we expect them to continue to support consumers rights and interests.
At Owners we strongly believe individuals should be rewarded for doing most of the work when they sell their homes and should only pay for the services they need. Since 1996 we have been at the forefront of helping consumers control their own sale and save, and it is nice to have the United States Government on our side in this effort.