In an open letter, Ryan alleges the National Association of Realtors’ rules prevent hundreds of thousands of Americans from attaining homeownership. He called on NAR to repeal the rules at its Realtors Conference and Expo in San Diego in November. Continue reading
Regulator threatened “enforcement action” related to allegedly “inaccurate” or “inadequately substantiated” advertising claims if settlement talks fail. Continue reading
An analysis of the association’s petition offers a step-by-step timeline of the events leading up to the DOJ’s launch of a new probe into NAR rules. Continue reading
In a 418-page petition filed Monday, NAR contends the antitrust regulator swiftly reopened its investigation into the Clear Cooperation Policy and buyer broker commissions in July. Continue reading
Lower court suggested TAN was the wrong plaintiff to bring suit because its business model is itself allegedly anticompetitive, but TAN says the court’s order was “erroneous.” Continue reading
Arizona broker Grady Hillis objects to rules prohibiting listing broker and agent contact information in public remarks and restricting access to lockboxes to Realtors. Continue reading
Federal Judge Thomas Zilly said REX Real Estate’s antitrust allegations against NAR and Zillow are “plausible,” in an order on Thursday. NAR said it will continue to defend itself against REX’s claims. Continue reading
Judge voiced concerns that the Clear Cooperation Policy could have anticompetitive effects, but suggested TAN was the wrong plaintiff to bring suit. Continue reading
REX calls out NAR for alleged “false assertions” while NAR alleges REX is blaming others for its “business shortcomings” and that “consumers are not interested” in REX’s services Continue reading
Rep. Ken Buck and Sen. Mike Lee, ranking members of the House and Senate antitrust subcommittees, have asked the FTC to “closely examine competition issues” in real estate. Continue reading