The title of this post is taken directly from the US Department of Justice’s new website which focuses on competition in real estate. Needless to say, we were very happy to see that the Department of Justice supports companies like Real-a-Save, going so far as to say: “Offering rebates and incentives is one way that real estate brokers can compete for consumers’ business, leading to lower prices to consumers.”
The bottom line is that consumers benefit whenever companies compete for their business. We know for a fact that our own efforts have saved consumers hundreds of thousands of dollars in commission expenses.
Here’s another interesting quote from the FAQ section of the Department of Justice website:
“Do refunds and incentives pose any risk to consumers?
Some have argued that refunds and incentives can tempt consumers into closing on real estate transactions against their best interests. The Antitrust Division has found no evidence that refunds and incentives harm consumers. On the contrary, they can dramatically lower the price that consumers pay for brokerage services.”