Resource Type

Atmospheric Radiation Measurement Program Climate Research Facility Operations Quarterly Report April 1–June 30, 2011 (open access)

Atmospheric Radiation Measurement Program Climate Research Facility Operations Quarterly Report April 1–June 30, 2011

Individual raw datastreams from instrumentation at the Atmospheric Radiation Measurement (ARM) Climate Research Facility fixed and mobile sites are collected and sent to the Data Management Facility (DMF) at Pacific Northwest National Laboratory (PNNL) for processing in near real-time. Raw and processed data are then sent approximately daily to the ARM Archive, where they are made available to users. For each instrument, we calculate the ratio of the actual number of processed data records received daily at the Archive to the expected number of data records. The results are tabulated by (1) individual datastream, site, and month for the current year and (2) site and fiscal year (FY) dating back to 1998.
Date: July 25, 2011
Creator: Voyles, JW
System: The UNT Digital Library
Financial Audit Manual: Volume 1, July 2008 (Supersedes GAO-08-81G) (open access)

Financial Audit Manual: Volume 1, July 2008 (Supersedes GAO-08-81G)

Guidance issued by the Government Accountability Office with an abstract that begins "This publication supersedes GAO-08-81G, Audit Manual: Volume 1, Exposure Draft, October 2007. The U.S. Government Accountability Office (GAO) and the President's Council on Integrity and Efficiency (PCIE) maintain the GAO/PCIE Financial Audit Manual (FAM). The FAM provides guidance for performing financial statement audits of federal entities. The FAM is a key tool for enhancing accountability over taxpayer-provided resources."
Date: July 25, 2008
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Public Transit: FTA's Process for Overseeing Compliance with Federal Civil Rights Requirements Incorporates Key Federal Practices (open access)

Public Transit: FTA's Process for Overseeing Compliance with Federal Civil Rights Requirements Incorporates Key Federal Practices

Correspondence issued by the Government Accountability Office with an abstract that begins "GAO identified four methods the Federal Transit Administration (FTA), within the U.S. Department of Transportation, uses to assure that recipients of federal transit funding comply with civil rights requirements: 1) requiring recipients to self-certify that they assure compliance with applicable civil rights requirements; 2) issuing guidance to inform recipients of their responsibilities; 3) administering a complaints process; and 4) conducting oversight reviews of funding recipients' compliance with laws and requirements. GAO found that FTA's policies and procedures for processing civil rights complaints incorporate nine key federal practices based on an analysis of U.S. Department of Justice guidance: 1) ensure a timely complaint process; 2) provide a complaint process that is accessible to the public; 3) acknowledge receipt of complaint to complainant; 4) document complaint allegations to be resolved; 5) document the results of any complaint investigations; 6) use informal method to resolve complaints when possible; 7) provide a formal or an informal appeals process for the results of complaints investigations; 8) after a complaint investigation is completed, monitor the recipient based on the issues involved in the complaint; and 9) oversee an effective program of compliance reviews for …
Date: July 25, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Navy Shipbuilding: Significant Investments in the Littoral Combat Ship Continue Amid Substantial Unknowns about Capabilities, Use, and Cost (open access)

Navy Shipbuilding: Significant Investments in the Littoral Combat Ship Continue Amid Substantial Unknowns about Capabilities, Use, and Cost

Testimony issued by the Government Accountability Office with an abstract that begins "GAO found that the Navy has made progress in addressing some of the early design and construction problems on the LCS 1 and LCS 2 seaframes, and quality defects and unit costs are declining, now that the seaframes are in steady production. Based on projected learning curves, shipyard performance can be expected to continue to improve over time. This expected progress could, however, be disrupted, as the Navy is considering potentially significant seaframe design changes. For example, the Navy is currently studying changes to increase the commonality of systems and equipment between the two ship variants, primarily with regard to the ships' combat management systems, and add new capabilities. In addition, the Navy still has outstanding gaps in its knowledge about how the unique designs of the two variants will perform in certain conditions. The lead ship of the Freedom class is currently on an extended deployment to Southeast Asia, and the Navy views this as an important opportunity to demonstrate some of the ship's capabilities and allow the crew to obtain first-hand experience with operations. Yet, developmental testing of the seaframes is ongoing, and neither variant has …
Date: July 25, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Medicare Advantage: Quality Bonus Payment Demonstration Has Design Flaws and Raises Legal Concerns (open access)

Medicare Advantage: Quality Bonus Payment Demonstration Has Design Flaws and Raises Legal Concerns

Testimony issued by the Government Accountability Office with an abstract that begins "Our March 2012 review found that the CMS Office of the Actuary’s (OACT) estimated cost of the demonstration exceeds $8 billion over 10 years. About $5.34 billion of this estimate is attributed to quality bonus payments more generous than those prescribed in PPACA, specifically to (1) higher bonuses for 4-star and 5-star plans, (2) new bonuses for 3-star and 3.5-star plans, (3) applying bonuses to plans’ entire benchmarks during the phase-in of PPACA’s new payment methodology, and (4) allowing plans’ benchmarks to exceed their pre-PPACA levels. Most of the remaining projected demonstration spending stems from higher MA enrollment because the bonuses enable MA plans to offer beneficiaries more benefits or lower premiums. Taken together, the expanded bonuses and higher enrollment mainly benefit average-performing plans—those receiving 3 and 3.5-star ratings. Also, while a reduction in MA payments was projected to occur as a result of PPACA’s payment reforms, OACT estimated that the demonstration would offset more than one-third of these payment reductions projected for 2012 through 2014."
Date: July 25, 2012
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
District of Columbia: Planned Funding and Schedule for D.C. Public Schools' Modernization Program Are Unrealistic (open access)

District of Columbia: Planned Funding and Schedule for D.C. Public Schools' Modernization Program Are Unrealistic

Correspondence issued by the General Accounting Office with an abstract that begins "In April 2002, GAO testified on the major challenges facing the District of Columbia Public School system faces in modernizing and renovating the District's schools (see GAO-02-628T). The school system, with the assistance of the U.S. Army Corps of Engineers, has made considerable progress in making emergency repairs during the past few years. However, the school system now faces the more complex task of modernizing--either through renovation or through new construction--virtually every public school in the District of Columbia. As a result, the school system must adopt a modernization program that will cost significantly more and take longer to accomplish than originally projected. In addition, the school system faces the challenge of ensuring that sufficient funds are budgeted for asbestos management activities."
Date: July 25, 2002
Creator: United States. General Accounting Office.
System: The UNT Digital Library
Information Technology: OMB and Agencies Need to More Effectively Implement Major Initiatives to Save Billions of Dollars (open access)

Information Technology: OMB and Agencies Need to More Effectively Implement Major Initiatives to Save Billions of Dollars

Testimony issued by the Government Accountability Office with an abstract that begins "GAO has issued a number of key reports on the federal government's efforts to efficiently acquire and manage information technology (IT). While the Office of Management and Budget (OMB) and federal agencies have taken steps to address underperforming IT projects and more effectively manage IT through a number of major initiatives, additional actions are needed. For example, OMB has taken significant steps to enhance the oversight accountability of federal investments by creating the IT Dashboard, an OMB public website which provides detailed information on federal agencies' major investments. However, GAO previously found there were issues with the accuracy and reliability of cost and schedule data in the Dashboard and recommended steps that OMB and agencies should take to improve these data--this is important since the Dashboard currently reports 154 investments totaling almost $10.4 billion being at risk. OMB agreed with the recommendations."
Date: July 25, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Financial Audit Manual: Volume 2, July 2008 (Supersedes GAO-08-82G) (open access)

Financial Audit Manual: Volume 2, July 2008 (Supersedes GAO-08-82G)

Guidance issued by the Government Accountability Office with an abstract that begins "This publication supersedes GAO-08-82G, Financial Audit Manual: Volume Two, Exposure Draft--October 2007. The U.S. Government Accountability Office (GAO) and the President's Council on Integrity and Efficiency (PCIE) maintain the GAO/PCIE Financial Audit Manual (FAM). The FAM provides guidance for performing financial statement audits of federal entities. The FAM is a key tool for enhancing accountability over taxpayer-provided resources."
Date: July 25, 2008
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Children's Health Insurance: SCHIP Enrollment and Expenditure Information (open access)

Children's Health Insurance: SCHIP Enrollment and Expenditure Information

Correspondence issued by the General Accounting Office with an abstract that begins "Congress created the State Children's Health Insurance Program (SCHIP) in 1997 to reduce the number of uninsured poor children whose families incomes are too high to qualify for Medicaid. Congress appropriated $40 billion over 10 years (fiscal years 1998 through 2007) for SCHIP. Each state's SCHIP allotment is available as a federal match based on state expenditures. Although the SCHIP statute generally targets children in families with incomes up to 200 percent of the federal poverty level, 13 states' programs cover children in families above 200 percent of the federal poverty level. This report provides information on (1) enrollment and federal expenditures for SCHIP and estimates of the number of and costs to enroll eligible unenrolled children and income-eligible pregnant women and (2) factors that may influence states' future expenditures for SCHIP and the availability of funding for any program expansion."
Date: July 25, 2001
Creator: United States. General Accounting Office.
System: The UNT Digital Library
Retirement Security: Older Women Remain at Risk (open access)

Retirement Security: Older Women Remain at Risk

Testimony issued by the Government Accountability Office with an abstract that begins "Over the last decade, working women’s access to and participation in employer-sponsored retirement plans have improved relative to men. In fact, from 1998 to 2009, women surpassed men in their likelihood of working for an employer that offered a pension plan—largely because the proportion of men covered by a plan declined. Furthermore, as employers have continued to terminate their defined benefit plans and switch to defined contribution plans, the proportion of women who worked for employers that offered a defined contribution plan increased. Women’s higher rates of pension coverage may be due to the fact that they are more likely to work in the public and nonprofit sectors and industries that offer coverage, such as health and education."
Date: July 25, 2012
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Military Personnel: The Navy Has Not Provided Adequate Justification For Its Decision to Invest in MCTFS (open access)

Military Personnel: The Navy Has Not Provided Adequate Justification For Its Decision to Invest in MCTFS

Correspondence issued by the Government Accountability Office with an abstract that begins "In June 2006, the Navy completed a feasibility assessment of both the Marine Corps Total Force System (MCTFS)--the Marine Corps' integrated personnel and payroll system--and the Defense Integrated Military Human Resources System DIMHRS. Based on the results of this assessment, the Navy expressed a preference to deploy MCTFS instead of DIMHRS. In August 2006, the Defense Business Systems Management Committee (DBSMC) made a business decision to accept the Navy's plan to proceed with the development and implementation of MCTFS. However, the Department of Defense (DOD) had already committed to deploy DIMHRS to provide a joint, integrated, standardized military personnel and pay system across all military components. According to the department, as of September 2006, it had spent over $668 million on the program. The John Warner National Defense Authorization Act for Fiscal Year 2007, Pub. L. No. 109-364, 324 (2006) directed the Secretary of the Navy to prepare a report about MCTFS, including (1) an analysis of alternatives to MCTFS, including a comparison between the costs of deploying and operating MCTFS within the Navy and the cost of including the Navy in DIMHRS; (2) a business case analysis …
Date: July 25, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Missile Defense: Precision Tracking Space System Evaluation of Alternatives (open access)

Missile Defense: Precision Tracking Space System Evaluation of Alternatives

Correspondence issued by the Government Accountability Office with an abstract that begins ""
Date: July 25, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Higher Education: Improved Tax Information Could Help Pay for College (open access)

Higher Education: Improved Tax Information Could Help Pay for College

Testimony issued by the Government Accountability Office with an abstract that begins "We found that multiple Title IV programs and tax expenditures provided substantial aid to populations across income levels. In 2009, 12.8 million students received Title IV aid, and approximately 18 million tax filers claimed a higher education tax benefit for current expenses. The number of students receiving Title IV aid increased from 10.4 million to 12.8 million, or 23 percent, from 2006 to 2009. The number of tax filers benefiting from an education tax expenditure was larger, and increased from 14.4 million to 18 million, or 25 percent, from 2006 to 2009. Recent increases in both Title IV aid and tax expenditures from 2008 to 2009 may be because of enrollment increases and legislative actions, among other factors. Title IV grants tend to benefit students and families with incomes below the national median (about $52,000 from 2006 to 2010), while loans and work-study serve these students as well as students at family incomes above the median. Most tax benefits from the tuition and fees deduction and the parental exemption for dependent students went to families with incomes above $60,000, whereas the majority of benefits from the other higher …
Date: July 25, 2012
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Grants Management: Improving the Timeliness of Grant Closeouts by Federal Agencies and Other Grants Management Challenges (open access)

Grants Management: Improving the Timeliness of Grant Closeouts by Federal Agencies and Other Grants Management Challenges

An agency summary issued by the Government Accountability Office with an abstract that begins "Closeout is an important final point of grants accountability. It helps to ensure that grantees have met all financial and reporting requirements. It also allows federal agencies to identify and redirect unused funds to other projects and priorities as authorized or to return unspent balances to the Department of the Treasury (Treasury). At the end of fiscal year 2011, GAO identified more than $794 million in funding remaining in expired grant accounts (accounts that were more than 3 months past the grant end date and had no activity for 9 months or more) in the Payment Management System (PMS). GAO found that undisbursed balances remained in some grant accounts several years past their expiration date: $110.9 million in undisbursed funding remained unspent more than 5 years past the grant end date, including $9.5 million that remained unspent for 10 years or more. Nevertheless, the more than $794 million in undisbursed balances remaining in PMS represents an improvement in closing out expired grant accounts with undisbursed balances in PMS compared to the approximately $1 billion GAO found in 2008. This improvement is notable given that the overall …
Date: July 25, 2012
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
DOD Excess Property: Control Breakdowns Present Significant Security Risk and Continuing Waste and Inefficiency (open access)

DOD Excess Property: Control Breakdowns Present Significant Security Risk and Continuing Waste and Inefficiency

Testimony issued by the Government Accountability Office with an abstract that begins "In light of GAO's past three testimonies and two reports on problems with controls over excess DOD property, GAO was asked to perform follow-up investigations to determine if (1) unauthorized parties could obtain sensitive excess military equipment that requires demilitarization (destruction) when no longer needed by DOD and (2) system and process improvements are adequate to prevent sales of new, unused excess items that DOD continues to buy or that are in demand by the military services."
Date: July 25, 2006
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Long-Term Fiscal Challenge: Additional Transparency and Controls Are Needed (open access)

Long-Term Fiscal Challenge: Additional Transparency and Controls Are Needed

Testimony issued by the Government Accountability Office with an abstract that begins "This testimony relates to the broader question: How should we deal with our nation's long-term fiscal challenge in order to help ensure that our future is better than our past? This testimony will start with our longer-term fiscal challenge. Then it will turn to the process question you present at this hearing: the reimposition of a statutory PAYGO rule(s) as a step toward dealing with this challenge. Finally it will talk about moving beyond caps and PAYGO to some ideas on how improved transparency and process changes can help in the effort to put us on a more prudent and sustainable long-term fiscal path. As widely reported earlier this month, the Administration now expects the deficit for fiscal year 2007 to be $205 billion, down from its February estimate of $244 billion and last year's deficit of $248 billion. However, because these numbers include the Social Security surpluses, they mask what GAO likes to call the "operating deficit" now estimated to be $385 billion for fiscal year 2007. Clearly lower short-term deficits are better than higher short-term deficits. However, our real challenge is not short-term deficits, rather it's …
Date: July 25, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Environmental Justice: Measurable Benchmarks Needed to Gauge EPA Progress in Correcting Past Problems (open access)

Environmental Justice: Measurable Benchmarks Needed to Gauge EPA Progress in Correcting Past Problems

Testimony issued by the Government Accountability Office with an abstract that begins "A 1994 Executive Order sought to ensure that minority and low-income populations are not subjected to disproportionately high levels of environmental risk. Studies have shown that these groups are indeed disproportionately exposed to air pollution and other environmental and health problems. The Order sought to address the problem by requiring EPA and other federal agencies to make achieving environmental justice part of their missions. In July 2005, GAO issued a report entitled, Environmental Justice: EPA Should Devote More Attention to Environmental Justice When Developing Clean Air Rules (GAO-05-289). Focusing on three specific rules for detailed study, the report identified a number of weaknesses in EPA's approach to ensuring that environmental justice is considered from the early stages of rule development through their issuance. The report made several recommendations, to which EPA replied in an August 24, 2006 letter. GAO also met recently with cognizant EPA staff to obtain updated information on the agency's responses to these recommendations. In this testimony, GAO (1) summarizes the key findings of its 2005 report, (2) outlines its recommendations to EPA and EPA's August 2006 responses, and (3) provides updated information on subsequent …
Date: July 25, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Tactical Aircraft: Questions Concerning the F-22A's Business Case (open access)

Tactical Aircraft: Questions Concerning the F-22A's Business Case

Testimony issued by the Government Accountability Office with an abstract that begins "The F-22A--the Air Force's next generation air superiority fighter aircraft--incorporates a low observable (stealth) and highly maneuverable airframe, advanced integrated avionics, and a new engine capable of sustained supersonic flight without the use of afterburners. The F-22A acquisition history is a case study in increased cost and schedule inefficiency. Since the program's inception in 1986, the Air Force has added new requirements, more than doubled the length of the acquisition schedule, cut purchase quantities by more than 75 percent, and increased total acquisition unit costs by more than 100 percent. The F-22A program's significant cost and schedule growth is illustrative of a number of systemic problems in the Department of Defense's (DOD) major weapon system acquisitions. Currently, DOD is proposing to buy the remaining 60 F-22As under a 3-year contract. At the Congress's request, GAO was asked for its views on DOD's latest plan to restructure the program and on the Air Force's request for authority to enter into a multiyear contract to implement this restructuring."
Date: July 25, 2006
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Medicare Physician Payments: Trends in Service Utilization, Spending, and Fees Prompt Consideration of Alternative Payment Approaches (open access)

Medicare Physician Payments: Trends in Service Utilization, Spending, and Fees Prompt Consideration of Alternative Payment Approaches

Testimony issued by the Government Accountability Office with an abstract that begins "In 2002, the system Medicare uses to determine annual changes to physician fees--the sustainable growth rate (SGR) system--reduced fees by almost 5 percent. Subsequent administrative and legislative actions averted fee declines in 2003 through 2006. Absent additional actions, fee reductions are projected for 2007 through 2015. Consequently, the appropriateness of the SGR system has been questioned. At the same time, there are concerns about the impact of increased physician services spending on the long-term fiscal sustainability of Medicare. GAO was asked to discuss the SGR system and Medicare physician payments. This statement addresses (1) how the SGR system is designed to moderate the growth in spending for physician services, (2) why physician fees are projected to decline under the SGR system, (3) trends in the use of services provided by physicians and spending for those services from 2000 through 2005, and (4) options for revising or replacing the SGR system. This statement is based on two GAO reports: Medicare Physician Services: Use of Services Increasing Nationwide and Relatively Few Beneficiaries Report Major Access Problems (GAO-06-704, July 21, 2006), and Medicare Physician Payments: Concerns about Spending Target System Prompt …
Date: July 25, 2006
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Health Care Financing Administration: Medicare Program--Medicare Choice Program (open access)

Health Care Financing Administration: Medicare Program--Medicare Choice Program

Other written product issued by the General Accounting Office with an abstract that begins "Pursuant to a legislative requirement, GAO reviewed the Health Care Financing Administration's (HCFA) new rule on the Medicare Choice Program. GAO held that: (1) the final rule responds to comments on a June 26, 1998, interim final rule implementing the Medicare Choice program and revises the interim rule to reflect changes made to the program by the Balanced Budget Refinement Act of 1999; and (2) HCFA complied with applicable requirements in promulgating the rule."
Date: July 25, 2000
Creator: United States. General Accounting Office.
System: The UNT Digital Library
DOD's High-Risk Areas: Challenges Remain to Achieving and Demonstrating Progress in Supply Chain Management (open access)

DOD's High-Risk Areas: Challenges Remain to Achieving and Demonstrating Progress in Supply Chain Management

Testimony issued by the Government Accountability Office with an abstract that begins "The Department of Defense (DOD) maintains a military force with unparalleled logistics capabilities, but it continues to confront decades-old supply chain management problems. The supply chain can be the critical link in determining whether our frontline military forces win or lose on the battlefield, and the investment of resources in the supply chain is substantial. Because of weaknesses in DOD's supply chain management, this program has been on GAO's list of high-risk areas needing urgent attention and transformation since 1990. Last year, DOD developed a plan to resolve its long-term supply chain problems in three focus areas: requirements forecasting, asset visibility, and materiel distribution. In October 2005, GAO testified that the plan was a good first step. GAO was asked to provide its views on DOD's progress toward (1) implementing the supply chain management improvement plan and (2) incorporating performance measures for tracking and demonstrating improvement, as well as to comment on the alignment of DOD's supply chain management improvement plan with other department logistics plans. This testimony is based on prior GAO reports and ongoing work in this area. It contains GAO's views on opportunities to improve …
Date: July 25, 2006
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Small Business Administration: Response to the Gulf Coast Hurricanes Highlights Need for Enhanced Disaster Preparedness (open access)

Small Business Administration: Response to the Gulf Coast Hurricanes Highlights Need for Enhanced Disaster Preparedness

Testimony issued by the Government Accountability Office with an abstract that begins "The Small Business Administration (SBA) helps individuals and businesses recover from disasters such as hurricanes through its Disaster Loan Program. SBA faced an unprecedented demand for disaster loan assistance following the 2005 Gulf Coast hurricanes (Katrina, Rita, and Wilma), which resulted in extensive property damage and loss of life. In the aftermath of these disasters, concerns were expressed regarding the timeliness of SBA's disaster assistance. GAO initiated work and completed two reports under the Comptroller General's authority to conduct evaluations and determine how well SBA provided victims of the Gulf Coast hurricanes with timely assistance. This testimony, which is based on these two reports, discusses (1) challenges SBA experienced in providing victims of the Gulf Coast hurricanes with timely assistance, (2) factors that contributed to these challenges, and (3) steps SBA has taken since the Gulf Coast hurricanes to enhance its disaster preparedness. GAO visited the Gulf Coast region, reviewed SBA planning documents, and interviewed SBA officials."
Date: July 25, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Compact of Free Association: Implementation Activities Have Progressed, but the Marshall Islands Faces Challenges to Achieving Long-Term Compact Goals (open access)

Compact of Free Association: Implementation Activities Have Progressed, but the Marshall Islands Faces Challenges to Achieving Long-Term Compact Goals

Testimony issued by the Government Accountability Office with an abstract that begins "In 2003, the U.S. government extended its economic assistance to the Republic of the Marshall Islands (RMI) through an Amended Compact of Free Association. From 2004 to 2023, the United States will provide an estimated $1.5 billion to the RMI, with annually decreasing grants as well as increasing contributions to a trust fund. The assistance, targeting six sectors, is aimed at assisting the country's efforts to promote economic advancement and budgetary self-reliance. The trust fund is to be invested and provide income for the RMI after compact grants end. The Department of the Interior (Interior) administers and oversees this assistance. Drawing on prior GAO reports (GAO-05-633, GAO-06-590, GAO-07-163, GAO-07-513, GAO-07-514R), this testimony discusses (1) the RMI's economic prospects, (2) implementation of the amended compact to meet long-term goals, and (3) potential trust fund earnings. In conducting its prior work, GAO visited the RMI, reviewed reports, interviewed officials and experts, and used a simulation model to project the trust fund's income. Prior GAO reports recommended, among other things, that Interior work with the RMI to address lack of progress in implementing reforms; plan for declining grants; reliably measure progress; …
Date: July 25, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Real Estate Brokerage: Various Factors May Affect Price Competition (open access)

Real Estate Brokerage: Various Factors May Affect Price Competition

Testimony issued by the Government Accountability Office with an abstract that begins "Consumers paid an estimated $65.7 billion in residential real estate brokerage fees in 2005. Observing that commission rates have remained relatively uniform--regardless of market conditions, home prices, or the effort required to sell a home--some economists have questioned the extent of price competition in the residential real estate brokerage industry. Furthermore, while the Internet offers time and cost savings to the process of searching for homes, Internet-oriented brokerage firms account for only a small share of the brokerage market. This has raised concerns about potential barriers to greater use of the Internet in real estate brokerage. In this testimony, which is based on a report issued in August 2005, GAO discusses (1) factors affecting price competition in the residential real estate brokerage industry and (2) the status of the use of the Internet in residential real estate brokerage and potential barriers to its increased use."
Date: July 25, 2006
Creator: United States. Government Accountability Office.
System: The UNT Digital Library