Ripoff Report Needs Your Help!
X  |  CLOSE
Report: #1169897

Complaint Review: Coldwell Banker - Parsippany New Jersey

  • Submitted:
  • Updated:
  • Reported By: Bob Brackney — Topeka Kansas
  • Author Not Confirmed What's this?
  • Why?
  • Coldwell Banker 1 Campus Drive Parsippany, New Jersey USA

Coldwell Banker Budge Huskey Michael Fischer Nelson Bennett $5,000 REWARD for 5% minimum price fixing, monopolizing trade, anticompetitive MLS practices and putting consumers under water. Parsippany New Jersey

Show customers why they should trust your business over your competitors...

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

$5,000 R E W A R D

 Offered by Pearson's For Sale By Owner Services, for the arrest and conviction of any licensed real estate agent referred to us for price fixing. If an agent leaves a message on your cell phone or home answering voice mail, save the message! Bring the message to us and we'll get it to the FBI and/or Justice Department and we will press for immediate prosecution. Price fixing is to be taken very, very seriously. Price fixing can be as simple as them saying that "nobody uses agent "A" because they are a discount broker" or "you are currently using agent "A" but no agent will show your house because they are a discount agency". This is in an attempt to try and keep real estate commissions high. Any of these, or similar statements are blatantly illegal and must be reported.

 Price fixing - Trying to keep commission rates high by boycotting or steering customers away from, companies that offer less than high commission rates. Violation is a felony. Restitution to victims: civil recovery up to 3 times damages, $100M corporations and 10 years imprisonment for individuals.

http://www.justice.gov/atr/public/real_estate/enforce.html

http://www.ftc.gov/news-events/media-resources/mergers-and-competition/real-estate-competition

 Nothing is more important to real estate cartels than controlling the Multiple Listing Services (MLS), the databases of homes for sale. Real estate websites often allow home-buyers to peruse local MLS listings on the Internet. Yet they sometimes censor or omit listings sponsored by a discount broker. And many established real estate agents won't allow their own listings to appear on a discount broker's site. That spiteful move led the U.S. Justice Department to sue the National Association of Realtors (NAR), the industry's ultra-powerful lobbying group, for allowing members to discriminate against Web-based brokers.

If an agent ever tells you not list your property with a broker who offers discounted commissions, they are breaking the law. If an agent ever tells you that no agent will show your property because you are currently listed with a discount broker, they have broken the law.


Report this illegal activity immediately to the
Department of Justice                                   Antitrust Division

antitrust.complaints@usdoj.gov                               http://www.justice.gov/atr/contact/newcase.html

950 Pennsylvania Ave., NW, Room 3322, Washington, DC 20530

Phone 1-888-647-3258 or 202-307-2040 and

 Federal Trade Commission                      Office of Policy and Coordination            Bureau of Competition

antitrust@ftc.gov                                 http://www.ftc.gov/faq/competition/report-antitrust-violation

601 New Jersey Ave, NW, Room 7117, Washington, D.C. 20580

Telephone: (202) 326-3300        

 This type of price fixing is taken very, very seriously. 

http://www.nachi.org/forum/f14/5000-reward-offered-real-estate-salesmen-breaking-law-19871/

This report was posted on Ripoff Report on 08/14/2014 05:08 PM and is a permanent record located here: https://www.ripoffreport.com/reports/coldwell-banker/parsippany-new-jersey-07054/coldwell-banker-budge-huskey-michael-fischer-nelson-bennett-5000-reward-for-5-minimum-1169897. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
Featured Reports

Advertisers above have met our
strict standards for business conduct.

X
What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

WATCH News
Segment Now