Ethics and lobbying: The case of real estate brokerage [Book Review]

Journal of Business Ethics 80 (1):23 - 35 (2008)
Members of licensed occupations benefit from legal standards that limit entry into their professions. Is it ethical for these professionals to give political support to these standards? I examined the case of real estate brokers and found that their educational requirements raise average commissions by one quarter of a percentage point, costing consumers $5.4 billion per year without improving the quality of brokerage services. The case raises interesting ethical issues which are difficult to resolve.
Keywords brokerage  ethics  real estate  regulation
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