[Federal Register Volume 61, Number 73 (Monday, April 15, 1996)]
[Notices]
[Pages 16504-16505]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-9277]
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FEDERAL TRADE COMMISSION
[Dkt. C-3625]
Port Washington Real Estate Board, Inc.; Prohibited Trade
Practices, and Affirmative Corrective Actions
AGENCY: Federal Trade Commission.
ACTION: Consent order.
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SUMMARY: In settlement of alleged violations of federal law prohibiting
unfair acts and practices and unfair methods of competition, this
consent order prohibits, among other things, a New York brokerage
service from restricting the use of exclusive agency listings, fixing
commission splits between listing and selling brokers, restricting or
prohibiting members from holding open houses or using ``For Sale''
signs, restricting brokers from advertising free services to property
owners, and excluding from membership brokers who do not operate a
full-time office in the territory served by the Board's multiple
listing service.
DATES: Complaint and Order issued November 6, 1995.\1\
\1\ Copies of the Complaint and the Decision and Order are
available from the Commission's Public Reference Branch, H-130, 6th
Street & Pennsylvania Avenue, N.W., Washington, D.C. 20580.
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FOR FURTHER INFORMATION CONTACT: Michael Bloom or Alan Loughnan, New
York Regional Office, Federal Trade Commission, 150 William St., 13th
Floor, New York, N.Y. 10038. (212) 264-1207.
SUPPLEMENTARY INFORMATION: On Wednesday, July 12, 1995, there was
published in the Federal Register, 60 FR 35907, a proposed consent
agreement
[[Page 16505]]
with analysis In the Matter of Port Washington Real Estate Board, Inc.,
for the purpose of soliciting public comment. Interested parties were
given sixty (60) days in which to submit comments, suggestions or
objections regarding the proposed form of the order.
A comment was filed and considered by the Commission. The
Commission has ordered the issuance of the complaint in the form
contemplated by the agreement, made its jurisdictional findings and
entered an order to cease and desist, as set forth in the proposed
consent agreement, in disposition of this proceeding.
(Sec. 6, 38 Stat. 721; 15 U.S.C. 46. Interprets or applies sec. 5,
38 Stat. 719, as amended; 15 U.S.C. 45)
Donald S. Clark,
Secretary.
[FR Doc. 96-9277 Filed 4-12-96; 8:45 am]
BILLING CODE 6750-01-M
