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Federal Agencies to MI Senate: Reject Real Estate Bill

The Department of Justice and the Federal Trade Commission (FTC) issued a joint letter urging the Michigan Senate Committee on Economic Development, Small Business, and Regulatory Reform to reject House Bill 4849 as currently drafted as the legislation would reduce consumer choice and cause Michigan consumers to pay more for real estate brokerage services. The letter stated that the bill would change current law to restrict the ability of licensed real estate brokers to offer consumers the option to pick the specific brokerage services they want.

Read Justice Dept., FTC Encourage Michigan Senate Committee to Continue to Allow Consumer Choice in Real Estate Brokerage Services from the US Newswire
House Bill 4849 & 4850 (As Introduced, the two bills are tie-barred)

Posted/updated Oct 21, 2005
by Andrew McFarlane (Absolute Michigan)