NAR victorious in renewed DOJ antitrust probe
“On Wednesday, Judge Timothy J. Kelly of the U.S. District Court for the District of Columbia ruled that the earlier settlement terms are still valid.
“The government, like any party, must be held to the terms of its settlement agreements, whether or not a new administration likes those agreements,” Kelly, a Trump appointee, wrote in his ruling.
In 2020, the DOJ’s antitrust division agreed to a settlement after investigating the trade groups listing and agent compensation policies. The settlement proposed at the time included requirements for NAR to boost transparency about broker commissions and to stop misrepresenting that buyer broker services are free.”
Did anyone see this coming? Seems like huge news but not reading about it anywhere other than Real Trends.
RealEstateNews.com covered it here:
https://www.realestatenews.com/2023/01/25/nar-succeeds-in-halting-doj-investigation
NAR’s General Counsel Katie Johnson posted about it on the NAR Hub.
But there’s *very* little chatter about it in RE social space. Seems many agents don’t know, or don’t care, about this (and all the related lawsuits). They should, it’s a big deal.
Classic NAR to go about their business after a big win against the government. No need to rub it in their faces.