Real Estate Boards Can't Dodge Antitrust Class Action

Law360, New York (June 28, 2011, 4:39 PM EDT) -- A Michigan federal judge on Tuesday refused to dismiss local trade associations from a putative antitrust class action accusing real estate association Realcomp II Ltd. of causing brokerage fees in the southeastern part of the state to remain artificially high.

A group of homebuyers sued Realcomp and the trade associations that formed it under the Sherman Act after the Federal Trade Commission found that Realcomp’s real estate listing policies amounted to an illegal restraint on trade.

The local groups, which were not parties to the FTC...
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