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by CareyBot

A U.S. Federal Trade Commission investigation has prompted a regional multiple listing service in New England to toss out a policy that blocked some property listings from reaching some public property-search sites, including Realtor.com. The Northern New England Real Estate Network announced today that it has reached an agreement with the FTC that resolves the investigation. The FTC last month announced a settlement with the Austin Board of Realtors in Texas relating to a similar board policy that was also rescinded (see Inman News report). The U.S. Department of Justice and Federal Trade Commission have engaged in several other actions over the past couple of year against real estate laws, regulations and rules, charging that the measures are anti-competitive, and the leading lawyer fo...