DOJ Reaches Antitrust Deal With Nat'l Association Of Realtors
Law360 (November 19, 2020, 2:40 PM EST) -- The U.S. Department of Justice said Thursday that the National Association of Realtors has agreed to change several rules and policies that allegedly restrain competition among residential real estate brokers across the country.
The DOJ's antitrust division filed a complaint in D.C. district court alongside a proposed settlement with NAR that requires the association to implement policy changes that increase transparency over the commissions received by brokers representing home buyers.
The association will also have to relax rules limiting access to lockboxes that provide entry to properties to its own brokers, according to a statement Thursday from the DOJ.
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