Guide to State Real Estate Laws and Regulations

Real Estate Laws in Your State

Click a state to learn about laws or regulations affecting competition in real estate.

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas

Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina

North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

Please visit Electronic Appraiser - www.electronicappraiser.com - for more information.

Estimated Median Home Sales Prices (1998-2007)

Median Home Sales Prices, 1998-2007

• Median home prices are from “U.S. Housing Market Conditions,” U.S. Department of Housing and Urban Development. Home prices are a weighted average of new and existing home prices, based on annual sales.
• Median home prices are converted into 2006 dollars with the consumer price index for all goods for urban consumers (CPI-U) from the U.S. Bureau of Labor Statistics.
• 2007 home prices are based on the first half of 2007.

Source: United States Department of Justice www.usdoj.gov

Estimated Median Commissions Paid by Consumers (in 2006 dollars)

This graph shows the median commission paid by consumers for these years:

Median Commissions Paid by Consumers, 1998-2007

• Inflation-adjusted median commission fees are calculated by multiplying commission rates (from REAL Trends 500©) by inflation-adjusted median home prices.
• The 2007 commission rate is assumed to be equal to the 2006 commission rate.

Source: United States Department of Justice www.usdoj.gov

DOJ launches Web site on real estate competition

DOJ launches Web site on real estate competition
The U.S. Justice Department's Antitrust Division today launched a new Web site focused on competition in the real estate industry that includes charts on real estate commission costs and potential savings from low-cost real estate brokerage companies. The new website is located at www.usdoj.gov

How to Contact the Antitrust Division
If you have questions or comments about competition in the real estate industry or if you have information concerning anticompetitive conduct, e-mail the Antitrust Division.