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 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

Nation’s largest MLS rebuts ‘Zero DOM’ pocket listing study

California Regional MLS CEO Art Carter told Inman that NAR’s Clear Cooperation Policy has resulted in more listings being marketed on the MLS, not fewer. Continue reading

Encryption, inequality and ‘Zero DOM’: 6 pocket listing takeaways

Inman took a deep dive into pocket listings, which continue to polarize the real estate industry long after many thought the practice would disappear. Continue reading

How agents use encrypted apps to scout off-market listings

Agents, investors and developers are using Telegram and Facebook’s free, encrypted instant messaging and voice-over-IP service to network and find off-market listings. Continue reading

‘Zero Days on Market’: New study highlights controversial metric

While brokers see the study as reason to re-evaluate NAR’s pocket listing policy, MLSs push back on the study’s conclusions, pointing to a hot market. This is the third story in a five-part series. Continue reading

How pocket listings cast aside minority homebuyers

Five housing experts explain how pocket listings play into de facto segregation and create roadblocks for minority homebuyers and sellers. This is the second story in a five-part series. Continue reading

Pocket listings are still around, but the off-market landscape is evolving

Two years after the National Association of Realtors approved the Clear Cooperation Policy, pocket listings haven’t disappeared. But they remain hotly debated, and demand for off-market housing is as strong as ever. 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

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