Did You Know?

DID YOU KNOW? The venture capital industry has ballooned over the past decade. Recent research has found that the size of the sector has effectively tripled in just 10 years: in 2008, $53 billion was invested in start-ups, and by last year it was $160 billion. (Barron's)
DID YOU KNOW? A new class-action lawsuit was filed in Chicago on behalf of anyone who sold a home through one of 20 of the largest listing services in the country over the past 5 years charging that the National Association of Realtors (NAR), as well as the 4 largest national real estate brokerages, and the Multiple Listing Services they use, have conspired to require anyone selling a home to pay the commission of the broker representing their buyer “at an inflated amount,” in violation of federal antitrust law. Agents representing buyers are generally assured of a standard 3% commission. In order to list a property on one of the many regional databases known as Multiple Listing Services, agents must abide by the Buyer Broker Rule. That means that a seller’s agent who’s willing to negotiate will be paid less than a buyer’s agent. Discount brokerages are being compelled to pay the full buyer agent commission, which leaves them with very little. Ironically, lawyers are allowed to earn a commission on the sale of a property, so one has to wonder about conflicts of interest here.... and let's not forget OPEC.....(Marketwatch)

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