DOJ, NAR agree to settle antitrust lawsuit

Settlement proposal eliminates broker 'opt-out' provision

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.