DOJ Reaches Antitrust Deal With SC Realtor Service

Law360, New York (May 5, 2009, 12:00 AM EDT) -- The U.S. Department of Justice has reached a proposed settlement in an antitrust lawsuit it lodged against the Consolidated Multiple Listing Service of Columbia, S.C., alleging the service's rules obstruct competition from low-priced, nontraditional real estate brokers.

The DOJ said Monday that the proposed deal requires CMLS to change its rules to allow the innovative brokers to compete with traditional brokers. CMLS is prohibited from adopting rules that exclude real estate brokers from membership based on their business models or price structures, the DOJ said....
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