BrokerageIndustry News

Industry reacts to DOJ vs. NAR settlement proposal

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

Consumers may ultimately gain access to a larger and more diverse collection of online real estate information if a proposed settlement between the federal government and the National Association of Realtors trade group is finally approved, industry experts said Tuesday. And industry participants and innovators now have some clear evidence that a five-year stalemate over NAR policies in the online sharing and display of property information is nearing an end. Brian Larson, a real estate lawyer and consultant who has written extensively about the U.S. Justice Department lawsuit filed in 2005 against the Realtor trade group, said Tuesday that he believes the floodgates to more industry innovation will open up with the settlement of the dispute. "There may be this sort of pent-up desire to innovate that will now be free to express itself in the marketplace," Larson said. "There is a meaningful change in the landscape now and that may be enough to open some doors ...