Competition in Residential Real Estate Brokerage Industry: an Invitational Symposium

Nov 08

Competition in Residential Real Estate Brokerage Industry: an Invitational Symposium

Date: November 08, 2005
Location: Washington DC

On November 8, 2005, the AAI conducted an invitational symposium in Washington, DC, for 90 experts and stakeholders.

8:30-8:45 a.m.

Welcome

Albert Foer, President, American Antitrust Institute

8:45-9:15

Overview of AAI’s Real Estate Competition Project

Norman Hawker, Senior Research Fellow, American Antitrust Institute and  
Associate Professor, Haworth College of Business, Western Michigan University

9:15-9:45

What Is the State of Knowledge About Residential Real Estate Broker Commissions? 

John Weicher, Senior Fellow at the Hudson Institute and former Federal Housing  
Administration Commissioner

9:45-10:15

On the Political Power of the ® in Realtors®: What Are the Lobbying Resources of  
Full-Service Real Estate Brokers?

Virginia Gray, Robert Watson Winston Distinguished Professor of Political Science,  
University of North Carolina Chapel Hill

10:15-10:30

Break

10:30-11:00

How Can They Possibly Fix Prices When There Are So Many Realtors?

Robert Lande, Venable Professor of Law, University of Baltimore Law School,  
and Senior Research Fellow, American Antitrust Institute

11:00-12:30

Is Competition Robust or Restrained Among Realtors?

Steven Sawyer, Associate Professor of Information Sciences and Technology,  
The Pennsylvania State University

Robert Litan, Brookings Institution

Robert Hahn, Executive Director, AEI-Brookings Joint Center

12:30

Luncheon: A Journalist's Perspective

Alan Murray, The Wall Street Journal

2:00-2:30

How Would Increased Competition Affect Residential Real Estate ?

Lawrence White, Arthur E. Imperatore Professor of Economics, The Stern  
School of Business, New York University

2:30-3:30

Breakout Sessions

Session A: What Information is Still Needed to Understand the Industry?

Moderator: Lawrence J. White, Arthur E. Imperatore Professor of Economics, The Stern  
School of Business, New York University

The GAO's Report on Real Estate Brokerage

David Wood, Director, Financial Markets and Community Investment, U.S. GAO 

Comparable prices for real estate brokerage services in other developed nations

Norm Miller, Director of Real Estate Center, University of Cincinnati

Avenues for Data Collection

Darren Bush, Assistant Professor, University of Houston Law Center

Session B: How Can Internet and Other New Business Models Affect Competition?

Moderator: Norman Hawker, Senior Research Fellow, American Antitrust Institute and  
Associate Professor, Haworth College of Business, Western Michigan University

Panelists: Markham Erickson, General Counsel, NetCoalition

LaLa Wang, CEO, MLX.com

Philip Henderson, Director of Government Affairs, LendingTree.com

Steve DelBianco, Executive Director, NetChoice

3:30-3:45

Break 

3:45-5:00

What Does the Future Hold for Antitrust Enforcement in the Real Estate Industry?

Moderator: Albert Foer, President, American Antitrust Institute

Panelists: Maureen Ohlhausen, Director, Office of Policy Planning, Federal Trade Commission

Blake Harrop, Chair of the National Association of Attorneys General Real Estate 
Working Group

Robert Litan, Brookings Institution