Brokerage Service's Rules Cramp Competition: DOJ

Law360, New York (May 5, 2008, 12:00 AM EDT) -- The U.S. Department of Justice has launched an antitrust lawsuit against the Consolidated Multiple Listing Service of Columbia, S.C., claiming that the service's rules obstruct competition from low-priced and innovative real estate brokers.

The DOJ's suit, filed Friday in the U.S. District Court for the District of Columbia, claims that CMLS' rules unreasonably restrict competition among real estate brokers and have caused consumers buying or selling homes in the Columbia area to pay more for real estate brokerage services.

Among other things, the DOJ alleged that...
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