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'
The trade group will weigh whether to require multiple listing services to allow agents and brokers to display buyer agent compensation, but it won't consider change to lockbox policy
The Council of Multiple Listing Services panelists warned real estate leaders and MLS members, 'It's better to be part of the process ... than having the rules written for you'
Brokerage backed by Chris Christie and Jeb Bush says agent steering by commission should 'shock the conscience' of anyone interested in equity in housing
Opinion
Whether it’s government intervention or voluntary innovation, as the DOJ vs. NAR battle shows, change is coming to the industry. Consumers are asking for it. Agents and brokers who choose innovation over resistance and do right by clients will be the ones who thrive
In an open letter, Ryan alleges the National Association of Realtors' rules prevent hundreds of thousands of Americans from attaining homeownership. He called on NAR to repeal the rules at its Realtors Conference and Expo in San Diego in November
Regulator threatened 'enforcement action' related to allegedly 'inaccurate' or 'inadequately substantiated' advertising claims if settlement talks fail
Lockbox access for non-Realtors and public displays of buyer broker commissions may be added to the list of proposals to be voted on at Realtors Conference and Expo in November
An analysis of the association's petition offers a step-by-step timeline of the events leading up to the DOJ's launch of a new investigation of NAR rules
The discount brokerage struck on Wednesday following the National Association of Realtors' petition 2 days earlier to compel the DOJ to uphold its antitrust settlement
In a 418-page petition filed Monday, NAR contends the antitrust regulator swiftly reopened its investigation into Clear Cooperation Policy and buyer broker commissions in July
Lower court suggested TAN was the wrong plaintiff to bring suit because its business model is itself allegedly anticompetitive, but TAN says the court's order was 'erroneous'
The trade group accused the Justice Department of reneging on a binding agreement. NAR also said it had already begun implementing policies based on its DOJ settlement
Federal Judge Thomas Zilly said REX Real Estate's antitrust allegations against NAR and Zillow are 'plausible' in an order on Thursday. NAR said it will continue to defend itself against REX's claims
REX calls out NAR for alleged 'false assertions,' while NAR alleges REX is blaming others for its 'business shortcomings' and that 'consumers are not interested' in REX's services