BrokerageIndustry News

DOJ, NAR agree to settle antitrust lawsuit

Settlement proposal eliminates broker 'opt-out' provision
Published on May 27, 2008

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by CareyBot

A federal antitrust lawsuit, filed against the National Association of Realtors trade group in 2005 following a two-year investigation, has reached a proposed settlement that calls for the adoption of a new online listings policy.

Deborah A. Garza, deputy assistant attorney general for the U.S. Justice Department, today characterized the settlement as "a full success" for the Justice Department.

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