The Supreme Court didn't explain its reasoning for the decision, which will now allow the Department of Justice to reopen its investigation into the trade group's practices
District court judge sets aside US Department of Justice 2021 demand for information from the National Association of Realtors on buyer broker commission and pocket listing rules
Trade group contends the antitrust regulator never closed its previous investigations into NAR's pocket listing and buyer broker commission rules
In court filings, regulator says rules 'restrict how real estate agents can market properties, dictate how real estate commissions are set, and impede commission negotiations'
The Council of Multiple Listing Services panelists warned real estate leaders and MLS members, 'It's better to be part of the process ... than having the rules written for you'
Regulator threatened 'enforcement action' related to allegedly 'inaccurate' or 'inadequately substantiated' advertising claims if settlement talks fail
In a 418-page petition filed Monday, NAR contends the antitrust regulator swiftly reopened its investigation into Clear Cooperation Policy and buyer broker commissions in July
Three more plaintiffs added to lawsuit involving the sharing of commissions between listing and buyer brokers