[pleasantpeasant]

SRO sounds like a middle-man in this process. And like all middle-man industries, they suck out money from both sides that they deal with.

We can easily publicly fund over-sight committees to oversee these industries instead of relying on SROs who take tax-payer money and are in the perfect financial and power position to do some really corrupt and immoral things.

Look at the National Association of Realtors, another SRO— On October 31, 2023, a federal civil jury found that the NAR had conspired to inflate commissions paid to home-buyers' real estate agents, and determined that NAR and its codefendants owed damages of almost US$1,800,000,000.

Zillow and NAR have anti-trust lawsuits coming their way too. Relying on SROs is just asking for corruption, imo.

[itsoktocry]

>We can easily publicly fund over-sight committees to oversee these industries instead of relying on SROs who take tax-payer money and are in the perfect financial and power position to do some really corrupt and immoral things.

Easily, really? Why is the default position that industry players are corrupt and immoral, but the government overseers will act independently and altruistically and have no financial stake in the outcome? That doesn't jibe with my experience. People in government seem to do some of the most immoral acts out there.

[pleasantpeasant]

It's easier to vote out or force out a corrupt an immoral government overseer.

A private corporate overseer cannot be voted out or forced out. Only a CEO or board can decide that. It's undemocratic.

The public has an actual voice in government while having absolutely no voice in a private corporation.