DOJ to appear in court in appeal of pocket listing lawsuit against NAR

The agency, which is currently investigating the trade association’s Clear Cooperation Policy, says it’s defending its interest in the application of antitrust laws to the real estate industry. Continue reading

NAR launches website to enlist Realtors in ‘court of public opinion’

The National Association of Realtors’ legal team says members can help the trade group fight its antitrust war while the association fends off the DOJ, REX and various commission lawsuits. Continue reading

NAR buyer broker commission policy moves ahead after close vote

After vigorous debate at the trade group’s multiple listing service committee, the proposal heads to the National Association of Realtors’ board of directors on Monday. Continue reading

NAR relies on the dictionary in its latest volley against the DOJ

The National Association of Realtors’ latest volley in its case against the U.S. Department of Justice includes images from Merriam-Webster’s dictionary that define the words “close” and “open” — a stark example of how far apart the two sides are as th… Continue reading

What to expect at NAR’s Realtors Conference & Expo this week

Olympic gymnast Simone Biles and former NFL quarterback Drew Brees to speak at Realtors Conference & Expo in San Diego, plus much, much more. Continue reading

DOJ to NAR: Increased competition could save consumers billions

In court filings, regulator says rules “restrict how real estate agents can market properties, dictate how real estate commissions are set, and impede commission negotiations.” Continue reading

Buyer commissions in — lockboxes out — when NAR votes next month

The trade group will weigh whether to require multiple listing services to allow agents and brokers to display buyer agent compensation, but it won’t consider change to lockbox policy. Continue reading

‘This is not a blip’: Antitrust experts warn RE leaders to work with DOJ

The Council of Multiple Listing Services panelists warned real estate leaders and MLS members, “It’s better to be part of the process … than having the rules written for you.” Continue reading

REX: ‘Outmoded’ real estate rules ‘struck a vein’ with DOJ

Brokerage backed by Chris Christie and Jeb Bush says agent steering by commission should “shock the conscience” of anyone interested in equity in housing. Continue reading

Why REX pays buyer agents and uses MLSs — sometimes

REX’s general counsel Michael Toth says the discount brokerage pays buyer agents in at least 40 percent of its list-side transactions. Continue reading