Industry News

NAR perspective on antitrust

Part 3: Real estate and antitrust: not a pretty picture

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Editor's note: In this three-part series we examine the real estate record on antitrust. Since realty professionals 24 years ago became subject to federal antitrust law, dozens of lawsuits and regulatory actions have been taken. Learn what some of those cases are, who's behind them and how the industry has reacted. (See Part 1: Once free of the Sherman Act, it haunts business today and Part 2: David Barry takes on real estate antitrust.) Laurie Janik, general counsel for the National Association of Realtors, and Ralph Holmen, associate general counsel for the group, responded to a series of Inman News questions about antitrust law and litigation. The association (NAR) is the largest trade association in the nation, with more than 1 million members. The top lawyers for the association say that awareness of antitrust issues is especially important in the real estate industry because of the "highly competitive" nature of the business, and the degree of cooperative interaction that i...