DOJ Voices Rare Opinion In Civil Case Against Realtor Group

The Department of Justice is pushing back against the National Association of Realtors, officially responding to the group’s motion to dismiss the multiple antitrust cases currently lobbied against it. The suits accuse the organization of colluding, inflating commissions, and anti-competitive behavior, largely due to its compensation rules, which require home sellers pay fees for both the listing agent and the buyer’s agent. Four major real estate brokerages, including RE/MAX and Keller Williams, are also named in the suits. NAR moved to dismiss the cases back in May, stating that they misrepresent NAR’s rules, “which have long been recognized by the courts across the country as protecting consumers and creating competitive, efficient markets that benefit home buyers and sellers.” Click to read more at www.forbes.com.