A cartel refers to a small group of producers of a good or service who agree to regulate supply in an effort to control or manipulate prices. Larry MacDonald writes that according to Ned Goodman of Dundee Corp. the real estate industry is a
“monopoly, it’s a cartel, it’s an oligopoly,”
that derives its power by controlling access to the Multiple Listing Service.
A study by Stephen Brobeck and Patrick Woodall of Consumer Federation of America titled How The Rel Estate Cartel Harms Consumers and How Consumers Can Protect Themselves states the following about the real estate industry,
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Can across-the-board 6% or 7% commissions be justified? We respond with a series of questions that suggest there is not one shred of a justification for this fixed price. → continue reading The Real Estate Cartel
I am a Civil Engineer from Louisiana State University. The compound word, Americaneer, is a combination of the words, American and Engineer.