<HTML> <HEAD> <title>WebForm1</title> <meta name="GENERATOR" content="Microsoft Visual Studio .NET 7.1"> <meta name="CODE_LANGUAGE" content="Visual Basic .NET 7.1"> <meta name="vs_defaultClientScript" content="JavaScript"> <meta name="vs_targetSchema" content="http://schemas.microsoft.com/intellisense/ie5"> <META http-equiv=Content-Type content='text/html; charset=UTF-8'> </HEAD> <body > <TABLE id="Table1" cellSpacing="1" cellPadding="1" width="100%" border="0"> <TR> <TD><b>Comment Number:</b></TD> <TD>518795-00157</TD> </TR> <TR> <TD><b>Received Date:</b></TD> <TD>10/22/2005 12:18:06 AM</TD> </TR> <TR> <TD><b>Organization:</b></TD> <TD>NO Commission Realty</TD> </TR> <TR> <TD><b>Commenter:</b></TD> <TD>STANLEY, CLIFFORD</TD> </TR> <TR> <TD><b>State:</b></TD> <TD>CA</TD> </TR> <TR> <TD><b>Agency:</b></TD> <TD>Federal Trade Commission</TD> </TR> <TR> <TD><b>Rule:</b></TD> <TD>Competition Policy and the Real Estate Industry</TD> </TR> <TR> <TD><b>Docket ID:</b></TD> <TD>To Be Added</TD> </TR> <TR> <TD><b>Attachments:</b></TD> <TD><a href='518795-00157.pdf'>518795-00157.pdf</a>&nbsp<a href='http://www.adobe.com/products/acrobat/readstep2.html' target = _blank >Download Adobe Reader</a><br></TD> </TR> </TABLE> <hr/> <b>Comments:</b><br/><br/> September 15, 2005 Federal Trade Commission/Office of the Secretary Room 135-H (Annex F) 600 Pennsylvania Avenue, NW Washington, DC 20580 RE: Competition and the Real Estate Workshop" -- Comment, Project No. V050015 Dear Sir: Nearly 6 years ago I joined the local real estate board and became a Realtor&reg;. About two years after that I started a company,  NO Commission Realty, a full service, local brokerage company. The service of NO Commission Realty (NCR) is FREE real estate services. There is no selling commission, no listing commission, no title insurance charge and no escrow charge. The reason I mention this is because I want to state what Realtors® are doing. When NCR lists a house it charges no listing commission. Further if the property is sold by an agent from the company no selling commission is charged. In addition there is no charge to the seller for title insurance and escrow for a house listed by NCR. Also if a buyer purchases a home listed by another agent and NCR represents the buyer, 100% of the commission paid to the buyer s agent is given to the buyer. All this is from full service, local brokerage. The agreement with the seller is that NCR will have the right to do the mortgage for the purchase, or NCR will be paid 1&frac12;% accord and satisfaction plus $350.00, and the seller will have to pay for the escrow and title charges. What I hope to accomplish is have a company that will do a large volume of business at low cost. With a skillful staff, good marketing, automation (technology) and the Internet NCR should be able to do a major part of the business. My estimate is that when implemented NCR will reduce the cost of doing a real estate transaction approximately 90%. In Santa Clara County, California, that computes to a savings of nearly $50,000.00 for the seller. When the escrow closes it is possible for the seller to sell a $700,000.00 house for approximately $2,463.00 in costs which includes $1,920.00 in government transfer taxes. Open the attachment flier for cost comparison. Indeed this is very attractive. It is the business of Realtors® that creates this beautiful dream. Whether my company or others make that dream come true, I believe it will happen. This unselfish attitude I believe it is reflective of all Realtors. We are in the business of doing the best for the client, the community and the nation. Thank you for your attention. CLIFFORD STANLEY Realtor NO Commission Realty&nbsp;&nbsp;<A name=RDACT1></A> </body> </HTML>