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REW Public Comment : Traders Realty Corporation (Kolbus, Jeff) 10/21/2005, REW-0101

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Comment No.: REW-0101
Received: 10/21/2005
Organization: Traders Realty Corporation
Commenter: Kolbus, Jeff
State: IL
Attachments: None


From: jkolbus@tradersrealty.com [mailto:jkolbus@tradersrealty.com]
Sent: Friday, October 21, 2005 12:26 PM
To: ATR-Real Estate Workshop
Subject: Competition and the Real Estate Workshop" -- Comment, Project No. V050015

October 21, 2005

Antitrust Division
U.S. Department of Justice
Liberty Place, Suite 300
Attention: Lee Quinn
325 7th Street, NW
Washington, DC 20530

RE: Competitive Policy and the Real Estate Industry Workshop

To whom it may concern:

The real estate market is more competitive today than it has ever been. Our company was established in 1938 and at no time has it been more competitive than today. We have more agents in our local association and more business models than ever. We have all agreed to cooperate through our local association and the MLS System.

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.

The beauty of the MLS is that it allows real estate brokerages of every size to compete 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.

The MLS doesn't discriminate. All MLS members are treated equally, regardless of their size or their business model, and yet the rights of property owners and their listing brokers are respected. The rules of the MLS achieve a delicate balance between respecting the rights of listing brokers so they will continue to be willing to contribute their inventory of listings and permitting cooperating brokers the ability to show those listings and be assured of receiving compensation if they bring about a successful sale.

We appreciate your attentiveness to our industry but feel that it in unjustified. Name another industry where the fiercest of competitors also cooperate like the real estate industry.

Jeff Kolbus, V.P.

Jeff Kolbus
Traders Realty Corporation
721 W. Lake Ave.
Peoria, IL 61614
309/686-5071 (Office)
309/686-9299 (Fax)

Updated June 25, 2015

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