BrokerageIndustry News

NAR may work to settle DOJ lawsuit

Case may otherwise go to trial in June or July

LAS VEGAS -- The National Association of Realtors may engage in discussions with U.S. Justice Department officials in an effort to settle an antitrust lawsuit that was filed more than two years ago. "If we're unsuccessful in reaching any type of a satisfactory resolution, the case looks like it will go to trial in about June or July of next year," said Laurie Janik, general counsel for the National Association of Realtors, on Wednesday during a committee meeting at the association's annual conference. The lawsuit charges that the association adopted illegally restrictive rules for the online sharing and display of property listings information among real estate market participants that could be used to discriminate against market participants. She said that the evidence-gathering phase of the lawsuit is nearly complete, and later this month or in December association officials "will take a breather," assess the status of the case and consider the prospect of settling the lawsuit "on mu...