Rep. Oxley Requests GAO Report on Real Estate Marketplace

November 9, 2004

House Financial Services Committee Chairman Michael G. Oxley (OH) released the following letter requesting a General Accounting Office (GAO) study on the implications of information technology and electronic commerce on the real estate marketplace.

Specifically, Chairman Oxley asked the GAO to consider whether the growth of electronic commerce will lead to better competition and transparency that could benefit consumers.

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North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.