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Feds probe real estate agents - Apr. 22, 2005 Web CNN/Money Buying & Selling Investment Property Home Improvement Million $ Life Financing Best Places SAVE | EMAIL | PRINT | SUBSCRIBE TO MONEY | Feds probe real estate agents Money magazine investigation shows Justice Dept. looking into anticompetitive practices. April 22, 2005: 5:27 PM EDT By Jon Birger, Money Magazine NEW YORK (CNN/Money) - Did you pay your real estate broker too much? The U.S. Department of Justice may be set to turn Tulsa, Okla. into a test-case for ending the stranglehold 6 percent commissions have over the real estate brokerage business. MONEY has learned that Justice's Antitrust Division is gathering information on the bully tactics that full-commission brokers in Tulsa allegedly use against their discount rivals to discourage commission-cutting. The probe follows other recent efforts to spur competition in the real estate industry. According to a copy of a Justice Department subpoena obtained by MONEY, federal investigators are seeking information on "possible anticompetitive conduct in the provision of real estate services in the Tulsa area" as well as "documents related to refusal to cooperate on real estate transactions." An Antitrust Division spokeswoman confirmed the existence of the investigation but declined to provide additional details. Al Unser, executive director of the Greater Tulsa Association of Realtors said: "We received a CID [civil investigative demand] from the Justice Dept. and we have responded." Economists who study real estate, such as the University of Cincinnati's Norm Miller, believe anti-competitive behavior is the primary explanation for the persistence of the 6 percent commission. J.D. Smith and Bob Meyer are two Tulsa discount real estate agents who say they were interviewed by federal investigators. They say the investigators wanted information on full-commission agents' alleged refusal to show home-buying clients properties listed by discount brokers -- a tactic known as boycotting. Boycotting exploits the one major weakness of the multiple listing service. The MLS's upside is that it centralizes all homes for sale in a single electronic marketplace that can be accessed by all agents -- and these days by Web-savvy consumers as well. The downside is that brokers must depend on one another to help sell their homes, and that discourages them from undercutting each other's commissions. While boycotting the listings of discounters is generally considered an antitrust violation -- if undisclosed, it's also a breach of fiduciary duty to clients -- industry insiders are well aware that boycotting goes on, even if they claim not to condone it. For Smith, the Feds' investigation comes a year or so too late. His realty business on the brink of ruin, Smith recently abandoned discount brokerage and went back to charging 6 percent. "In one week," Smith said, "I've had more showings and more offers from other realtors than I had in the previous two months." The Tulsa investigation is part of an ongoing Antitrust Division foray into the sharp-elbowed realty world. In March, the Antitrust Division sued the Kentucky Real Estate Commission over a state law that prohibits real estate brokers from offering commission rebates to consumers. More recently, Assistant Attorney General R. Hewitt Pate sent letters to lawmakers and regulators in Oklahoma and Texas, urging them to reject proposals that would effectively prohibit brokers from engaging in limited-service or fee-for-service realty -- such as listing a home for sale on the multiple listing service for a flat fee of $500. Bruce Hahn, chairman of the American Homeowners Grassroots Alliance, argues that state prohibitions on rebates and fee-for-service discourage competition and inflate commissions paid by consumers. "We've talked to Justice, and we think what they're doing is tremendous," he said. E-mail Jon Birger at jbirger@moneymail.com. The Hot List Most profitable renovations How risky is your 401(k)? Big new tax credits for hybrid cars More Real Estate How to buy and build on rural land Most overvalued housing markets When booms go bust... contact us | magazine customer service | site map | glossary | RSS | press room OTHER NEWS: CNN | SI | Fortune | Business2.0 = Money subscribers = Premium content -- * - Time reflects local markets trading time. † - Intraday data is at least 15-minutes delayed. Disclaimer © 2005 Cable News Network LP, LLLP. A Time Warner Company ALL RIGHTS RESERVED. Terms under which this service is provided to you. privacy policy Reprints of site stories are available. Top Stories Most overvalued housing markets Risks to the economy in 2006 Which was the worst ad of all in 2005? After the ride, a rest Hilton brands reunite after 40 years YOUR E-MAIL ALERTS Real Estate Antitrust Division Corporate Governance Oklahoma or Create your own Manage alerts | What is this?

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VEF - french property estate agents: properties for sale in france VEF - French Property Consultants. VEF are estate agents, based in both the UK and France, who offer property for sale in France . As a French property consultant who specialises in the sale of French properties, VEF can offer all different kinds of property in various regions of France including Charente, Dordogne, Brittany, Limousin, Languedoc, Limousin Heights, Loire, Pyrenées Atlantiques, Gers in Gascony, Aquitaine, Burgundy, Nice, Toulouse, Provence and Deux-Sèvres, Midi-Pyrenées. -- The French Property Estate Agents Offering Properties for Sale in France - VEF cheap french property property for sale in france UK-based French property estate agents , VEF , specialise in the sale of property in France . French regions we, as estate agents , have property for sale in France include Aquitaine, Brittany, Charente, Dordogne, Gers in Gascony, Burgundy, Languedoc, Pyrenées Atlantiques, Limousin, Limousin Heights, Loire, Nice, Midi-Pyrenées, Provence, Toulouse and Deux-Sevres. We are a team of professional UK estate agents who can offer the knowledge of 14 years of estate agent / property consultant experience to purchasers of French property . Based in both the UK and France , we have our main office in the UK capital of London and a branch office in Dublin, Ireland and have many regional estate agent offices around France; Deux-Sevres, Gers in Gascony, Limousin, Pyrenées Atlantiques, Burgundy, Midi-Pyrenées, Toulouse, Charente, Brittany, Aquitaine, Dordogne, Limousin Heights, Loire, Languedoc, Provence and Nice. Only property that is truly for sale and that has been personally viewed by one of our French-based staff is listed for sale on our website. The VEF website is updated daily so that there are never any sold properties on the site. The French properties which are for sale, have been inspected by a professional consultant in France and has been selected as being amongst the best the region has to offer. The French regions that our French estate agent / consultant services currently have properties for sale in are Aquitaine, Burgundy, Midi-Pyrenées, Pyrenées Atlantiques, Provence, Toulouse, Deux-Sevres, Languedoc, Gers in Gascony, Loire, Nice, Dordogne, Charente, Limousin Heights, Limousin and Brittany. VEF attend more than 30 exhibitions each year throughout the UK and Europe. Our UK estate agents and property consultants from the UK and France advise people on what type of home to buy and where to buy it (VEF currently cover many regions including Toulouse , Aquitaine , Charente , Pyrenées Atlantiques , Limousin , Loire , Nice , Provence , Languedoc , Midi-Pyrenées , Burgundy , Deux-Sevres , Brittany , Dordogne , Gers in Gascony and Limousin Heights ). VEF consultants work closely with the media to bring the latest news of France and its properties to the public. Wherever you first meet VEF, you will be met by a fully professional service. So if you're wishing to find properties for sale in France that are some of the best the country has to offer then come to VEF. VEF are UK estate agents / property consultants who can offer properties in many regions including Provence, Nice, Dordogne, Pyrenées Atlantiques, Languedoc, Gers in Gascony, Burgundy, Aquitaine, Limousin, Loire, Brittany, Toulouse, Limousin Heights, Midi-Pyrenées, Charente and Deux-Sevres. VEF can help you purchase property for sale in France New build houses across France, Italy, Span and Croatia for sale with VEF Find French mortgages with VEF VEF help people buying property for sale in france property for sale in france buying in france feeling for france property for sale in france search for international new build property for sale in france, italy and spain investing in overseas property legal services: buying french property property news from france french property exhibitions and seminars my VEF: premier french property club contact vef: french estate agents french property buying property in france feeling for france - information about french regions feeling for france - information about local offices french property for sale search for international new build development property for sale in france, italy and spain property investments legal services for buying property in france property news from france french property exhibitions and seminars my vef - register with vef online for the premier french property club contact us buying property in france french property for sale france real estate france property for sale property in france french property

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Century 21 Real Estate: home buying, home selling, financing and property listings. español Put My Century 21 to work for you, simply register your email address and create a password. Once you're registered, you'll be able to • save property descriptions • store your search criteria • file agent information • build a custom library Find out more or register now! Already registered? Sign in . -- Welcome to Century 21 Real Estate Century 21 Real Estate is your online resource for home buying, home selling, financing and property listings. Whether it's a house, condo, or any other type of property, we can assist you with your real estate needs. Search for Properties Looking to buy a new home, condo or any other property? Search thousands of properties in our real estate listings. Search Property Listings » First Time Homebuyers Guide » View Our Buyer Service Pledge » International Century 21 Real Estate LLC is part of the largest real estate referral network in the world - with over 110,000 brokers and sales associates in over 30 countries and territories. Access our world offices today» Sell a Property Let our real estate agents create a customized marketing plan to sell your property. List your Property » View Our Seller Service Pledge » View Mortgage Rates View current mortgage rates, apply for a home equity loan, crunch numbers with home mortgage calculators and more! Apply for a Mortgage Now» Use Our Mortgage Calculators » Find an Office or Agent Find and contact a CENTURY 21 Office or Agent to handle your real estate needs. Find an Office or Agent » Quick Vote! Your vote counts! Let us Know Where do you spend the most time? Bedroom Living Room Kitchen Bathroom Dining Room ©2005 Century 21 Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each CENTURY 21 Office Is Independently Owned And Operated. All rights reserved. Information appearing on this site has been produced by or obtained primarily from Century 21 Real Estate LLC and its representatives and from CENTURY 21 franchisees. Century 21 Real Estate LLC is not responsible for the accuracy or completeness of the broker information, sales associate information, listing information or other information provided by our franchisees appearing on or through this site. Such information has been provided by independent third parties who are solely responsible for such content. Certain conditions and restrictions apply to System promotions. Terms and Conditions of Use.