Thursday, July 13, 2006

You've got to be kidding me...

Today the Federal Trade Commission declared that a popular Texas real estate website was de facto public property. The FTC prosecuted the Austin Board of Realtors (ABOR) because the association restricted publication of listings on its Austinhomesearch.com website. ABOR passed a rule limiting the site to "exclusive right to sell" listings. The FTC said the site should also include "exclusive agency" listings... This effectively means that any web site's editorial content is subject to FTC control under the agency's mandate to identify and punish "unfair competition".


See the original Mises.org Blog post

Just when you think the Feds couldn't get any stranger...