Federal Trade Commission (FTC) releases its report The Residential Real Estate Brokerage Industry, which indicates that, in cooperative transactions, 72 percent of potential homebuyers think that the real estate practitioner who’s working with them is working for them.

In Southern Burlington Council, NAACP v. Township of Mount Laurel (aka Mount Laurel II), the New Jersey Supreme Count rules that residential developments must set aside funds to help provide affordable housing in the community.