Industry News

Realtor record on antitrust

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When word got out last year that the U.S. Justice Department was investigating the National Association of Realtors over its new policy on online property listings, the powerful trade group was quick to respond. "(NAR) has received and is complying with a request for information from the Antitrust Division of the Department of Justice for information relating to association policies and rules governing the display by real estate brokers of residential listings data on or through the Internet," the association announced in a written statement at the time. Realtors have an extensive record of defending charges of price-fixing, restraint of trade and other unfair business practices. Since 1950 the National Association of Realtors and its state and local affiliates have challenged, won and lost many cases. In the antitrust area alone, the Realtors over the past 50 years have fought approximately 60 antitrust-related lawsuits, of which they've won more than half. The violations can ...