DOJ, Realtors Settle Antitrust Suit

Law360, New York (May 27, 2008, 12:00 AM EDT) -- The National Association of Realtors has settled with federal regulators in an antitrust lawsuit, agreeing to adopt policies that bar traditional brokers from preventing online-only brokers and their customers from using entries in traditional multiple listing services.

On Tuesday, NAR and the U.S. Department of Justice both announced the deal and a stipulation of settlement was lodged in the U.S. District Court for the Northern District of Illinois, where the DOJ Antitrust Division's civil complaint has been pending since September 2005.

The DOJ asserted that the...
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