Tag Archives: Antitrust

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

By | | Uncategorized
Comments Off on 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

By | | Uncategorized
Comments Off on 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

By | | Uncategorized
Comments Off on 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

By | | Uncategorized
Comments Off on ‘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

By | | Uncategorized
Comments Off on 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

By | | Uncategorized
Comments Off on 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 →

REX CEO calls on NAR to repeal ‘anti-consumer’ rules at conference

By | | Uncategorized
Comments Off on REX CEO calls on NAR to repeal ‘anti-consumer’ rules at conference

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 →

Opendoor and FTC still at odds over iBuyer’s advertising

By | | Uncategorized
Comments Off on Opendoor and FTC still at odds over iBuyer’s advertising

Regulator threatened “enforcement action” related to allegedly “inaccurate” or “inadequately substantiated” advertising claims if settlement talks fail. Continue reading →

NAR vs. DOJ: A timeline of the battle as it stretches into 4th year

By | | Uncategorized
Comments Off on NAR vs. DOJ: A timeline of the battle as it stretches into 4th year

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 →

DOJ quietly resumed NAR probe days after settlement withdrawal

By | | Uncategorized
Comments Off on DOJ quietly resumed NAR probe days after settlement withdrawal

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 →