MONTANA BOARD OF REALTY REGULATION REPEALS RULE PROHIBITING REAL ESTATE BROKERS TO OFFER REBATES TO CONSUMERS

On April 1, 2008, the Montana Board of Realty Regulation repealed its rule disallowing real estate brokers to “solicit business by offering gifts, rebates, or promotional items.” In August 2007, the Department of Justice’s Antitrust Division began an investigation of the Montana Board of Realty Regulation. In most states, real estate brokers are allowed to compete by offering various cash-back options, discounts and the like. Montana’s rule prohibited such actions. Montana follows three other states including West Virginia, South Dakota, and Kentucky in repealing similar regulations.

Andre Barlow
(202) 589-1834
abarlow@dbmlawgroup.com