A federal administrative hearing, which began June 19 to consider an antitrust complaint brought by the Federal Trade Commission against a Michigan multiple listing service, closed on Thursday after the final witness was called, and a decision in the case may still be months away. The FTC charged in its October 2006 complaint that Realcomp II Ltd., a Realtor-owned MLS with about 15,000 members, adopted rules that restrict a category of for-sale property listings from public display on popular home-search Web sites including Realtor.com. The FTC settled similar actions against six other MLSs prior to an administrative hearing, which is a trial-like process. Geoffrey Oliver, the FTC's assistant director of anticompetitive practices, said that a cycle of post-trial briefings and findings of f...
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