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DOJ NAR settlement

By , Wednesday, May 28, 2008.

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A discussion about the impacts and potential impacts of the proposed settlement in the DOJ vs. NAR case over property listings policy.

This group is intended to foster an open discussion about the proposed settlement of an antitrust lawsuit filed in 2005 by the U.S. Justice Department against the National Association of Realtors trade group.

Here is a link to information about the lawsuit:

http://www.usdoj.gov/atr/cases/nar.htm

And a link to the proposed setttlement agreement:

http://cache.inman.com/files/stories/finaljudgment.pdf

Some related Inman News articles here:

http://www.inman.com/news/2008/05/28/blogosphere-reacts-proposed-nardoj-settlement

http://www.inman.com/news/2008/05/28/industry-reacts-doj-vs-nar-settlement-proposal

http://www.inman.com/news/2008/05/27/doj-nar-agree-settle-antitrust-lawsuit

What are your thoughts on this proposed settlement? How will it impact consumers? Innovation? Competition? Commissions?

  • Click on the "Start a New Discussion Topic" button (ABOVE) to add your thoughts on this topic.

Any questions or comments about this group? E-mail me: glenn@inman.com

May

30
2008

Podcast on settlement at 4realz.net blog

Podcast: What does the DOJ/NAR Settlement mean to REALTORS?

Link posted here at the 4realz.net blog site.

Here's a direct link to the podcast, which features Michael Wurzer of FBS Data Systems and the FBS blog, Bill Lublin of Move Philly, and Jeff Turner of Real Estate Shows:  more...

MLS membership requirements

Judith, here is the exact language in the proposed settlement agreement that defines an MLS participant. It is not enough to simply possess a license -- the participant must actively endeavor "to make or accept offers of cooperation and compensation."  more...

May

29
2008

Business Uses of the MLS

To me, the real negative impact of this agreement is not VOWs (nobody liked them much anyway), or IDX policy--we all have figured out how to achieve some stability with this issue. The real problem occurs because the agreement, as I understand it, limits MLS access to those with real estate licenses. This is a time when real estate should be embracing the entire professional community--lenders, appraisers,office managers (who in some cases don't need real estate licenses), staff paralegals, title companies and others who need statistical information to perform their functions.  more...

RE/MAX statement on settlement

RE/MAX International responds to the proposed settlement in a Wednesday announcement:

"Department of Justice and National Association of Realtors Reach Agreement After Lengthy Litigation:

RE/MAX International is very pleased to learn that the U.S. Department of Justice and the National Association of Realtors have agreed to terms that will resolve the litigation originally filed in September 2005.  more...