CFA released a report on state real estate commissions, State Real Estate Commissions: Do They Serve the Consumer Interest?,  which found the commissions to be dominated by the industry.  These commissions (also called boards) are state agencies with prime responsibility for regulating real estate agents, brokers, and their firms.

• Of the 378 seats in these commissions, only 15 percent are held by individuals outside the industry (or allied industries such as banking or real estate law).
• Of these 378 seats, none are held by a consumer or housing advocate.
• Only one commission is required to have a majority of non-industry members (New York State Board of Real Estate).

The report also documented the short-changing of home buyers and sellers because of this industry domination.