Dueling NAR and REX op-eds hint that DOJ will target commissions

The National Association of Realtors and REX Real Estate each have very different views on the commission structure in the U.S. and, with federal regulators looking on, are attempting to make their case not just in the courts, but to consumers and agents at large. On July 8, the Wall Street Journal published an op-ed … Read more

Zillow, NAR formed ‘group boycott’ to enforce commission rule: REX

Discount brokerage REX Real Estate hit back at attempts by the National Association of Realtors and Zillow to have its antitrust suit tossed, alleging that the two real estate giants have formed a “group boycott” to enforce a controversial NAR commission rule. REX sued Zillow and NAR in March, alleging antitrust violations for a NAR rule … Read more

3 ways Biden could change real estate

The battle between big business and the federal government has reignited, as the Biden Administration attempts to reinstate Obama-era mandates and oversights through the Promoting Competition in the American Economy plan. In an executive order summary on July 9, Biden outlined his plan to tackle corporate consolidation, stagnant wage growth, skyrocketing consumer costs and workers’ … Read more

DOJ hints NAR’s pocket listing policy may be in its crosshairs

Less than two weeks after the U.S. Department of Justice pulled out of a proposed settlement with the National Association of Realtors to broaden its investigation into the trade group’s rules, the agency has provided a big clue as to one of the rules it will be digging into: the Clear Cooperation Policy. In May … Read more

Zillow, NAR slam REX’s alleged use of antitrust as a business strategy

Real estate giants Zillow and the National Association of Realtors are attempting to get an antitrust lawsuit filed by REX Real Estate tossed, hitting back against the discount brokerage’s allegations that it is the target of an illegal boycott. REX sued Zillow and NAR in March, alleging antitrust violations for a NAR rule that prompted … Read more

NAR ‘cut a deal’ with Trump DOJ to undermine commission suits: CFA

The National Association of Realtors countered that the Consumer Federation of America’s assertions are “wrong and misleading” and “commissions are very much negotiable.” A consumer watchdog group is suggesting the National Association of Realtors may have cut a deal with Trump officials in order to undermine class-action lawsuits against the association. In a press release … Read more

BREAKING: Justice Department withdraws from settlement with the National Association of Realtors

The antitrust regulator said the trade group refused to modify the deal to protect the agency’s ability to investigate other NAR conduct that could impact real estate competition. The U.S. Department of Justice is pulling out of a proposed settlement with the National Association of Realtors in order to broaden its investigation into the trade … Read more

With new FTC chair, expect greater scrutiny on the real estate industry

When it comes to real estate competition and antitrust enforcement, there’s a new sheriff in town. Last week, on a bipartisan 69-28 vote, the U.S. Senate approved Lina Khan, associate professor of law at Columbia Law School and a champion of antitrust reform, as a commissioner at the Federal Trade Commission. President Joe Biden then … Read more

DOJ: Pocket listing suit against NAR shouldn’t have been thrown out

On Wednesday, the U.S. Department of Justice put its finger on the scale in an antitrust lawsuit filed by a former pocket listing service against the National Association of Realtors and three of the nation’s largest multiple listing services, arguing that the lower court erred in dismissing the suit in February. At the same time, … Read more

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