From: email@example.com [mailto:firstname.lastname@example.org]
Sent: Tuesday, October 25, 2005 3:24 PM
To: ATR-Real Estate Workshop
Subject: real estate competition
For the majority of real estate transactions, there is extreme competition.
There is one HUGE glaring exception: HUD's and the broad listing brokers.
HUD has the same pet real estate companies year after year.
The broad listing brokers get 1% of all HUD sales. Now (for the last
several years) the broad listing brokers can sell HUD's also.
Talk about antitrust! There is no competing with the broad listing agents
for sales. All the investors know that only the broad listing agents
know exactly when the properties change from owner occupant buyers to
investor buyers. The broad listing brokers notify their investors in
advance of the change. Hello!
There is your total lack of competition.
P.S. I've expressed my disgust to Michael, Connor, and Boul and to the
Department of HUD before. But to no avail. I would sincerely appreciate
your opinion as to whether this is an unfair situation or not.