The Justice Dept. amended its antitrust complaint against the Nat...
The Justice Dept. amended its antitrust complaint against the National Assn. of Realtors (NAR) Tues., charging that the group’s modified policy continues to prevent Internet-based real estate brokers from offering better services and lower costs to consumers. The lawsuit…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
challenges NAR rules that limit competition from brokers who use Internet tools to serve their customers (WID Sept 9 p9). The new complaint says NAR’s changed rules still “obstruct competition, threaten to lock in outmoded business models and inflate prices in the industry.” Last-minute changes by NAR didn’t fix the anticompetitive effects of its policy, said Assistant Attorney Gen. Bruce McDonald. “When buying and selling a home, consumers should receive the full benefits of competition -- better services and lower costs. NAR’s modified policy continues to prevent consumers from realizing these benefits.”