[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