
In recent weeks, I have heard surprising criticism of the idea of people selling their homes without listing it (so-called “private listings”) and of the MLS system that so many in the residential real estate world rely on. Naturally, I had no idea these were problematic, but when a professional in an industry asks the government to regulate something happening in that industry, I usually suspect some good old-fashioned crony rent-seeking is going on. It turns out, I wasn’t wrong.
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