“We are from the Government, and we are here to help you.”

“We are from the Government, and we are here to help you.”

The DOJ, FTC, Federal Reserve, the White House, certain courts, and the Media, all seem to be intent on what many in the residential real estate industry believe is an ignorant, misguided, and ill-informed assault, picking and choosing “evidence” as they proceed in their attempts to reshape the residential real estate Industry, and punish many of the current players. It is a battle with a 40 plus year history, but ignore this at your own risk.

John Reilly and I discuss it just about every evening in hour long phone calls (John is in Kailua, and I’m in San Diego), combing over piles of documents, and our recollections of the history leading us to this moment in time.

We have been trying to understand the underlying concerns that the DOJ and FTC have with the alleged anti-competitive practices of the residential real estate industry. We’ve reviewed the Executive Order On Promoting Competition, the proposed NAR Settlement agreement, the volume of lawsuits, the opposing and supporting Amicus briefs, DOJ Statements of Interest (SOI), numerous journal articles, webinars, and podcasts.

Here’s what we learned

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