The Justice Department sued the National Association of Realtors on Thursday, claiming it unfairly limits competition by allowing real estate agents to withhold home listings from Internet-based brokers. The antitrust lawsuit, filed in U.S. District Court in Chicago, follows lengthy negotiations in which the government pressed the Realtors to drop restrictions designed to protect traditional brokers. Internet brokerages now operate in the top dozen real estate markets in the country.
September 09, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The Justice Department sued the National Association of Realtors on Thursday, claiming it unfairly limits competition by allowing real estate agents to withhold home listings from Internet-based brokers.
The antitrust lawsuit, filed in U.S. District Court in Chicago, follows lengthy negotiations in which the government pressed the Realtors to drop restrictions designed to protect traditional brokers.
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