Homester.com Web News Archive

Real Estate System Criticized (Washington Post) - A national consumer advocacy group yesterday condemned real estate trade groups as a "cartel" that sets prices and blocks competition to maintain its traditional commission structure and to keep discount firms from gaining market share.

Consumer group goes after real estate industry (CNN Money) - A leading consumer rights group, the Consumer Federation of America (CFA), on Monday issued a report charging that real estate industry members act as a cartel to stifle competition, resulting in higher prices and poorer service for homebuyers.

Real estate fund sells property (Denver Business Journal) - Denver-based real estate investment firm Baceline Investments LLC has sold South Federal Business Center, a 35,000-square-foot, eight-tenant property in southwest Denver to an unnamed investor group for $2.5 million.

Real Estate Brokers Under Fire From Consumer Group (NBC San Diego) - The real estate industry takes a hit from a consumer group.

Wieland to head Akerman Senterfitt's real estate group (Orlando Business Journal) - Akerman Senterfitt on Monday announced that Jeffrey A. Wieland has been selected to head the law firm's expanding real estate practice in Orlando.

Martin Real Estate opens office (Paris Beacon) - Chris Martin of Paris has established a new business at the south edge of Paris. “Martin Real Estate and Appraisals” opened in early May at 2002 South Marshall to offer services to the community. The owner described the business as “A small company with a personal touch.”

Real estate sales up in May (TVNZ) - House prices remained at record highs, while sales rose sharply in May. The Real Estate Institute says the median house price stayed at $305,000, although it is an increase of 11% percent on May last year.

RioCan Real Estate Investment Trust Announces June 2006 Distribution (SYS-CON Media) - RioCan Real Estate Investment Trust ('RioCan') (TSX: REI.UN) today announced a distribution of 10.75 cents per unit for the month of June. The distribution will be payable on July 7, 2006 to unitholders of record as at June 30, 2006.

Consumer Group Accuses Real Estate 'Cartel' Of Setting Prices (WFTV 9 Orlando) - A consumer group says the real estate industry acts as a cartel.

• Consumer Federation of America After a Real Estate Industry (Turks.US) - On Monday, the Consumer Federation of America (CFA), leading consumer rights group, issued a report charging that real estate industry members act as a cartel to stifle competition, resulting in higher prices and poorer service for homebuyers.