Q. The Justice Department's antitrust division has been looking into the practices of the real estate industry, specifically whether the industry is stifling competition. What do you think will come of the inquiry?A. The barrier to entry in this industry is, in my view, virtually nonexistent. We think competition is incredibly robust and that's in part driven by the attractiveness of the industry.
Q. Some states are passing laws that require real estate brokers to provide a minimum level of service and that protect Realtors from discount brokers. What is your view?
A. We don't think minimum-service laws are necessary. The marketplace should determine that. A customer should be able to determine what he or she wants.
