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

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

Here’s the timeline of the NAR-DOJ legal battle

The U.S. Department of Justice just backed out of an antitrust settlement with the National Association of Realtors, suggesting more legal wrangling is on its way. On Thursday, the U.S. Department of Justice (DOJ) dropped the bombshell news that it pulled out of an agreement to settle a lawsuit with the National Association of Realtors. … 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

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