NAR Fighting back on the DOJ anti-competitive lawsuit

As you may know, the NAR is under scrutiny from the DOJ which file a lawsuit for anti-competitive practices. The NAR just released a report to defend it position. In the opening pages of the report it states "Real estate brokerage is a $60 to $70 billion industry" (this may be part of the reason why FSBO is gaining momentum). In there report they indicate that "14% of home sales were "for-sale-by-owner", if you put that into a number it means that approximately 1,000,000 successful FSBO transactions, which means alot of people saved alot of money! If you are interested in reading this report to understand why REALTORS say they are needed, download it here (it's a .pdf)