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LREAB motion to dismiss FTC complaint denied
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The Federal Trade Commission (FTC) announced that it denied a motion to dismiss filed by the Louisiana Real Estate Appraisers Board in a case in which the FTC alleges the board is unreasonably restraining price competition for appraisal services.
The Louisiana board claimed that the re-issuance of its rule regarding oversight and enforcement of customary and reasonable fees in the state provided enough state supervision to exempt it from antitrust scrutiny.
The FTC ruled otherwise. Read on for the details.
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