Go to the Federal Trade Commission's webpage for the Real Estate Competition . page and Department of Justice's webpage Competition in the Real Estate Brokerage Industry: Obstacles to More Robust Competition Ex. Use the information on these pages-and the information contained in the links on them-to answer the following questions. You will also use the Summary of US State Laws Pertaining to Real Estate Brokerage Services &, to guide you f part a. What barriers to entry are there in the real estate market? How do they differ across the country? Are there any specific requirements for conducting business in the real estate market in your state that act as barriers to entry? Draw a market supply and demand curve representing a state with no restrictions on who can conduct the real estate closing transaction. What would change in the market if a state legislated that real estate closings must be conducted by lawyers? Show this graphically. Are there any reasons why limiting the transactions to lawyers only might benefit consumers? Has the Federal Trade Commission or Department of Justice ever challenged a multiple listing service (MLS)? Give an example of a case. Why do these agencies think that it is possible for an MLS to be anti-competitive