National Association of Realtors offices in Washington, D.C. March 13, 2019. The Rise of Antitrust Enforcement in Residential Real Estate: Challenging the Practices of Multiple Listing Services
At least three rules—commission sharing, "clear cooperation policies" and Internet data exchange rules—are being challenged in federal courts today because they allegedly distort home prices and deprive home buyers and sellers of non-MLS alternatives.
June 16, 2022 at 10:30 AM
8 minute read
Antitrust enforcement has recently surged in hot-button areas like big tech and labor, and we can now add housing to the mix. In the past two years, the private bar has brought at least eight lawsuits challenging various practices by multiple listing services (MLSs) in the residential real estate brokerage industry. The Department of Justice (DOJ) has also increased its investigation of such practices. These enforcement actions apply both traditional and novel antitrust concepts to one of the most important financial transactions people make in their lives.
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