For many years now, banks have been lobbying the federal gov't to allow them to join the real estate industry, by setting up their own real estate arms. Their reasoning is that since they supply most of the mortgages, it would be a natural outgrowth to also sell the real estate that they fund.
Every time the matter arises, the real estate industry successfully lobbies against it, stating an unfair advantage over the industry as a whole. For instance if someone wants a mortgage, the bank could potentially turn them down unless they use a bank realtor.
Now that the banks are fully into the real estate industry, albeit by the back door of foreclosure, it's not hard to see that real estate is not, and would not, in the future, be well served by having banks involved as realtors.
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