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Allows choice of brokerage services |
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Allows brokers to offer rebates to consumers |
In 2007, Idaho enacted a minimum service law, supported by the Idaho Association of Realtors. Idaho Statute § 54-2087(3) requires brokers hired by consumers “to be available to the client to receive and timely present all written offers.”
The new law prohibits consumers from waiving the required service, even if the consumer and the broker agree that the consumer does not want to purchase the service and the broker does not want to provide the service.
Learn more about:
- Brokerage services: Discount Brokers Can Make Selling a Home Less Costly
- Rebates: Rebates Make Buying a Home Less Expensive
Antitrust Division documents:
Comment letter:
- Letter to Senator Andreason Re: Comments on the Idaho Real Estate Commission’s Letter of February 8, 2007 (02/27/2007)
Related documents on the Internet:
- Idaho Statute § 54-2087(3) requiring brokers to perform minimum services
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