The Justice Department and the National Association of Realtors reached a tentative settlement in an antitrust lawsuit. The NAR was seriously hampering the ability of newer, lower-cost realtors to list properties for sale online. As anyone who has recently gone house-shopping knows, you have to go to a traditional broker if you want to see all the houses on the market.
The settlement should ultimately bring down realtor commissions by finally allowing internet-based realtors to compete with traditional brokers when it comes to listing properties.
Justice Department Forces Traditional Realtors To Give Up Stranglehold on Internet Home Listings | Consumer Law & Policy Blog
If you are in Minnesota, contact The Glover Law Firm, LLC, for a free case evaluation. In any other state, you can find a consumer rights lawyer using the National Association of Consumer Advocates lawyer database.
