|| Kwok, Sally
From: SKwok@cashin.com [mailto:SKwok@cashin.com]
Sent: Friday, October 21, 2005 7:16 PM
To: ATR-Real Estate Workshop
Subject: Competition Policy and the Real Estate Industry
October 21, 2005
US Department of Justice
Liberty Place, Suite 300
Attention: Lee Quinn
I have been in the real estate industry since 1976. This is a career
that I have chosen to be in. I am very proud to be in this profession
and to service people with their real estate needs. Everyone has a specialty
in life and makes their living by doing their very best at that. Ours
is specializing in real estate and we should not have to compete with
the banks for this business. All of us serve localized markets where
we complete for business every day. Fierce competition is fueled largely
by the uniquely intense and personalized nature of the service we provide
to our clients, which in turn, determines our future success through
referrals and return business. We all had to learn the business and
pass the state licensing examination, but it is our work ethics and
commitment to professional standards and dedication to client satisfaction
that determines success.
The MLS is a cooperative, broker-to-broker offer of cooperation and
compensation that help both brokers and customers buy and sell homes.
It is not a public utility, nor should it be. We realtors pay for the
privilege of using the MLS. Why should we share this with the public?
The beauty of the MLS is that it allows real estate brokerages to complete
on a level playing field. It gives all of us access to an inventory
of property listings that we are able to show and sell to our clients.
Sally Kwok - Broker Associate
Cashin Company - Menlo Park, CA