The National Association of Realtors (NAR)
has become the first housing-focused trade organization to voice its opposition to yesterday’s 3-2 vote by the Federal Communications Commission (FCC) to repeal the net neutrality rules that have been in place since 2015.
In expressing its disappointment, the trade group argued that consumers would negatively impacted “from downgraded services across the Internet,” while small businesses would be financially hobbled in paying for new Internet access fees, thus potentially losing customers to faster Web sites.
“The Internet as we know it today is a fair and open platform that puts everyone on a level playing field,” said NAR President Elizabeth Mendenhall, CEO of RE/MAX Boone Realty in Columbia, Mo. “FCC’s rollback of the Open Internet Order will mean higher costs and slower service for millions of American consumers and businesses. Realtors have strong concerns about what that might mean for the way consumers search for homes online and real estate is transacted.”