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Industry reacts to Justice Dept. antitrust lawsuit

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Industry participants reacted Thursday to news of the U.S. Justice Department's lawsuit against the National Association of Realtors, which came on the heels of the announcement of a new NAR online listings policy.   The U.S. Justice Department filed an antitrust lawsuit against the National Association of Realtors Thursday, challenging its policy for online property listings display. Shortly before the DOJ announcement, NAR made public its new policy for Internet listings display.   The Justice Department's complaint accuses NAR of mandating a policy that obstructs real estate brokers who use innovative Web-based systems to offer lower costs to consumers.   Geoff Lewis, senior vice president and chief legal officer of real estate franchise giant RE/MAX, on Thursday said he was "quite surprised" when he saw the complaint.   "The complaint is attacking NAR's previous VOW policy, which has now been discarded. The complaint specifically attacks the selective opt-o...