Antitrust

NAR asks Judge to Dismiss Antitrust Lawsuit

The National Association of REALTORS (NAR) has filed a motion to dismiss in the class-action lawsuit regarding antitrust concerns, Forbes reports. The suit, filed by Minnesota homeowner Christopher Moehrl, contends that NAR conspired with major real brokerages to inflate commissions using its Multiple Listing Services and compensation policies. NAR argues that the complaint violates Section 1 of the Sherman Act in connection with NAR rules related to the Multiple Listing Service and therefore should be dismissed. RE/MAX, Keller Williams, HomeServices of America and Realogy Holdings were also named as defendants in the case.

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Antitrust Regulators Focus on Real Estate Data

The real estate sector is getting fresh scrutiny from U.S. antitrust regulators regarding a proposed centralized system, known as Upstream, that is designed to offer a single point of entry for inputting, managing, and distributing listings at the brokerage level, Bloomberg Law reports. The centralized system has been backed by The National Association of Realtors (NAR). Critics — including Trulia and Zillow — argue the project has the potential to impede competition in the market by placing a large share of valuable real estate data in the hands of one entity controlled by NAR and large brokerages. NAR settled with the U.S. Department of Justice in 2008 on similar issues.

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