Settlement to Have Little Local Impact

By DaParma, Ron | Tribune-Review/Pittsburgh Tribune-Review, June 8, 2008 | Go to article overview

Settlement to Have Little Local Impact


DaParma, Ron, Tribune-Review/Pittsburgh Tribune-Review


A tentative settlement announced by the Justice Department and the National Association of Realtors last month is expected to give many Internet-based real estate agents nationwide access to home listings they previously were denied.

But the deal isn't expected to have much impact in the Pittsburgh area, real estate officials say.

Membership in West-Penn Multi-List Inc., the region's major home listing service, already is available to Internet-based agents, with listings open to those agents as long as they post their own listings there, said President George Hackett.

"As far as West Penn Multi-List is concerned, we have all types of companies in there who have their own method of selling," said Hackett, who is president of Coldwell Banker Real Estate in Pittsburgh. "Different companies offer different services people are looking for, and it's up to customers to make their own decision on what types of services they want."

While about 800 multi-listing services nationwide are affiliated with the National Association of Realtors, West Penn Multi-List is independent, owned and operated by major real estate brokers.

"We were never party to the lawsuit," said Helen Hanna Casey, president of Howard Hanna Real Estate Services Inc.

Casey is a member of the executive committee of the national association and had been involved in discussions about the proposed settlement with the Justice Department in Washington.

"This was really a pretty easy settlement" for the national association, Casey said, noting that there now are many more sources for accessing real estate information than just a few years ago.

The settlement neither imposes a fine on the National Association of Realtors nor forces the group to acknowledge liability.

The group represents 1.2 million real estate agents and other members in more than 250,000 locations nationwide.

The agreement, which settles a September 2005 lawsuit, was filed in U.S. District Court in Chicago. After court approval expected by late summer, it would be in effect for 10 years.

Deputy Assistant Attorney General Deborah A. Garza of the Justice Department's antitrust division said the settlement "should lower the cost of the transaction for buying a house."

Real estate notes:

* Demolition is scheduled to begin June 15 on the interior of the 12-story Century Building, 130 Seventh St., Downtown, for construction of 60 apartments geared to "work force" tenants, said William Gatti, president, Trek Development Group Inc. The units, on the top nine floors, will have rental ranges of $450 a month for studios to $1,250 for two-bedrooms. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Settlement to Have Little Local Impact
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.