BrokerageIndustry News

Judge sits on DOJ, NAR settlement

Realtor general counsel details steps to MLS compliance

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A U.S. District Court judge on Thursday put off a final judgment on the settlement of a 3-year-old legal battle between the U.S. Department of Justice and National Association of Realtors. NAR officials had expected the judge to finalize the settlement during a court appearance on Thursday. "We're on hold for a day or two," said Lucien Salvant, a spokesman for the Realtor group. U.S. District Court Judge Matthew F. Kennelly could call upon all of the parties to return to the courtroom or he could choose to approve the final settlement and notify the parties, Salvant said. During an annual NAR conference last week in Orlando, Fla., NAR General Counsel Laurie Janik noted that about 100 multiple listing services were required to produce documents during the two-year federal investigation that preceded the antitrust lawsuit and during the course of the lawsuit. "A few of you were on the trial list to serve as witnesses," she told attendees of a Nov. 8 NAR Mult...