National Association of Realtors and Justice Department Reach Major Antitrust Settlement
May 28th, 2008 Categories: Real Estate News
This just in from the New York Times - A deal reached today by the Justice Department and the National Association of Realtors (NAR) will allow Internet brokers and discount brokerages to use the same multiple listing services. The Justice Department sued the NAR in federal court in 2005 on antitrust grounds, charging that its policies hurt consumers and stifled competition. Scheduled for a July court date, the settlement opens the door for more efficiency and more competition in the market.
