The U.S. Supreme Court has denied NAR’s appeal, allowing the DOJ to continue its investigation into the association’s commission practices and listing policies, including Clear Cooperation, marking a significant turn in their ongoing legal battle.
The DOJ is investigating Douglas Elliman over internal oversight during the Alexander brothers’ tenure following their arrests on federal sex trafficking charges.
With today’s final approval of the settlement between the Sitzer/Burnett plaintiffs and the National Association of Realtors, the real estate industry faces lasting change, ongoing legal battles, and a new era for agent compensation.
Law professor Tanya Monestier objects to the NAR settlement, highlighting its reinforcement of seller-paid commissions through industry ‘workarounds.’ Her objection also critiques high attorney fees.
The National Association of Realtors (NAR) has filed a petition with the U.S. Supreme Court, challenging the DOJ’s attempt to reopen a closed antitrust investigation.
As NAR officials prepare for a meeting this week on its Clear Cooperation policy, industry leaders are debating what is also known as the pocket listing ban, with some calling for its removal and others defending its impact on equal housing access.
Today, Friday, August 23, 2024, the Department of Justice filed an antitrust complaint against RealPage for an algorithmic rent pricing scheme that drives up rents irrespective of real vacancy numbers, with real consequences for renters.
NAR’s request for a rehearing of the DOJ investigation ruling was denied on July 12, 2024. The DOJ is officially allowed to reopen its investigation into the trade organization.
On July 2, 2024, the Consumer Federation of America (CFA) released its Report on C.A.R. Proposed Seller Listing Agreement, authored by Tanya Monestier, who also wrote the report, released June 25, on the C.A.R. Proposed Buyer Representation agreement.
A June 20 filing by the DOJ urges the court to reconsider their ruling for REX vs Zillow and argues the “optional nature” of NAR’s “no commingling” rule is not sufficient to prevent anticompetitive behavior—or corrective legal action.
The Department of Veterans Affairs (VA) has announced a temporary policy allowing veteran and active-duty homebuyers to directly compensate their buyer agent. The National Association of Realtors (NAR) applauded the move in a message to its members.
On May 22, 2024, the Federal Bureau of Investigation (FBI) conducted an unannounced raid of national apartment operator Cortland Management as part of a ramped-up investigation into rental price fixing. The main target of this investigation is RealPage.
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