The Justice Department has been granted permission by a federal appeals court to reopen an antitrust probe into the National Association of Realtors, overturning a 2020 settlement attempt. The investigation focuses on the real estate trade group's residential real estate policies, with potential implications on commission structures within the industry. The NAR faces scrutiny despite previous settlements, as the DOJ seeks to delve deeper into potential antitrust violations.
News Flash: A panel of judges considering whether to consolidate real estate commission lawsuits into one cited the recent NAR settlement as a reason to deny the request. https://t.co/9lrfMBdzzY #sitzerburnett #NARsettlement
An appeals court decision allowing the DOJ to investigate the National Association of Realtors is likely to embolden the push for even more separation between buyers' and sellers' agents. https://t.co/4kMdr8mNQw
ICYMI: Listen to National Association of REALTORS® President Kevin Sears as he sits down with @reinsiderspod to talk about the NAR’s recent settlement and the future of NAR. https://t.co/QIKB8vwou1
The Real Brokerage agreed to pay more $9 million to settle a commission lawsuit, the latest deal by a firm that didn’t make the cut for NAR’s blanket deal https://t.co/XzwfZsarN2
The Real Brokerage agreed to change business operations as part of its proposed settlement agreement and release Real, its subsidiaries and its 16,000 agents from the suit’s claim https://t.co/bjwuBWvEp2
The D.C. Circuit said that the U.S. Department of Justice can reopen an antitrust investigation into the National Association of Realtors, despite an earlier agency settlement over the association's rules. https://t.co/b5nuSAIhfZ
In a setback to the National Association of Realtors, the D.C. Circuit on April 5 said the DOJ can reopen a probe into the residential real estate policies of the NAR, more than three years after the trade group settled related government antitrust claims https://t.co/Aw1lw0RgJR https://t.co/FxYjxNFozN
The immediate reaction to the NAR ruling seems to be the seller pays 3.5%, instead of 5-6%. Selling agent still makes 2.5%. The buying agent either gets 1% or $10-$25K flat fee. In essence, the commission pool will decrease by 40 to 45% in total.
A federal appeals court said the DOJ can reopen an investigation into the residential real estate policies of the National Association of Realtors, more than three years after the trade group settled related government antitrust claims @MikeScarcella https://t.co/Aw1lw0QIUj https://t.co/ExuU10cJgS
The Justice Department can reopen an antitrust probe into the National Association of Realtors, an appeals court ruled Friday, rejecting a bid by the real estate trade group to enforce a 2020 settlement with the Trump administration to close the case. https://t.co/msdOMRF3ht