DOJ Challenges NAR Settlement Over Commission Rules
TL;DR
The U.S. Department of Justice has expressed concerns over the National Association of Realtors (NAR) settlement in the Sitzer/Burnett case, emphasizing that the deal should not shield NAR from future antitrust enforcement. The DOJ's filing highlights issues with buyer agent agreements, suggesting they may limit competition and urging the court to clarify that the settlement does not provide antitrust immunity. This comes ahead of the final hearing for the $418 million settlement, with implications for real estate practices nationwide.
- DOJ’s Sunday filing raises issues with NAR deal Real Estate News
- DOJ Takes Issue With Buyer-Broker Agreements Ahead of Settlement Approval Hearing RisMedia.com
- What to Expect Ahead of the Final Approval Hearing on NAR’s Settlement National Association of REALTORS®
- Real estate commission rules have changed. Here's what to know. Yahoo Finance
- DOJ comes out against NAR commission lawsuit settlement HousingWire
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