SOME ANTITRUST PROBLEMS AND RELATED ECONOMIC ISSUES IN REAL ESTATE BROKERAGE, PROFESSIONAL LICENSING FOR REAL ESTATE WEBSITES AND RENT-CONTROL/RENT-STABILIZATION

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Abstract

In the US, MLS systems, professional licensing regimes for Real Estate Websites and rent-control/rent-stabilization statutes constitute violations of antitrust laws. Recent orders and proposed settlements in lawsuits instigated by government agencies have not resolved the underlying antitrust problems. Many of these antitrust issues influenced psychological reactions among market participants, which in turn caused the rapid price increases in some US real estate markets during 1995-2004. Thus, all existing housing demand models and housing price forecast models are grossly mis-specified primarily because they don’t incorporate legal factors.

Keywords: Housing-Demand Models, Antitrust, Rent Control and Rent Stabilization, Real Estate and Internet Law, Complexity, Prices, Capital Markets, Household Economics

How to cite this paper: Nwogugu, M. (2008). Some antitrust problems and related economic issues in real estate brokerage, professional licensing for real estate websites and rent-control/rent-stabilization. Corporate Ownership & Control, 6(1-3), 398-417. https://doi.org/10.22495/cocv6i1c3p7