Brokerage

Real estate antitrust probe closes in Oklahoma

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

A U.S. Department of Justice investigation into possible anti-competitive tactics against discount real estate brokers in Tulsa, Okla., has closed, according to the town's Realtor association. In April, the Justice Department's Antitrust Division contacted the Greater Tulsa Association of Realtors with a civil investigative demand, Al Unser, the association's executive director, confirmed. The Antitrust Division was investigating possible anticompetitive conduct in the provision of real estate services in the Tulsa area, according to Unser and J.D. Smith, a former discount real estate agent also contacted in the probe in April. The investigation is now closed, Unser said. "Apparently they didn't find anything, because they (the Justice Department) said it was closed," Unser said. In the Tulsa investigation, the Justice Department was looking into charges that full-commission agents in the area allegedly refused to show home-buying clients properties listed on the local MLS by di...