Congressmen Urge Government Inquiry Into Real Estate Competition

Congressmen Urge Government Inquiry Into Real Estate Competition

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Inman Connect San Francisco, Jul 16-20, 2018

Influential members of the U.S. Congress have taken a keen interest in real estate competition, especially in regard to listing data.

Two congressmen — Republican Tom Marino of Pennsylvania and Democrat David Cicilline of Rhode Island — sent a letter to the leadership of the Department of Justice and the Federal Trade Commission last month, urging the federal agencies to update a previous 2007 joint report on real estate competition.┬áThe congressmen are the top members of the House Subcommittee on Regulatory Reform, Commercial and Antitrust Law.

Inman has received a copy of the letter, dated Jan. 5, and addressed to Makan Delrahim, assistant attorney general of the DOJ’s antitrust division, and Maureen Ohlausen, acting chairwoman of the FTC.

“Among other issues, we think it especially important that an updated report review the availability and distribution of real estate listings data within the industry,” wrote Marino, the House subcommittee’s chair, and Cicilline, the su…

Article image credited to Jomar Thomas/Unsplash