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Buyer Agent Commission Disclosure NAR DOJ Case and Settlement
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#003 - On November 19, 2020 the National Association of REALTORS and the United States Department of Justice announced an antitrust case filed and simultaneous settlement of the case.
The DOJ issued a press release:
Justice Department Files Antitrust Case and Simultaneous Settlement Requiring National Association of Realtors® To Repeal and Modify Certain Anticompetitive Rules
Settlement Will Increase Competition to the Benefit of American Homeowners and Homebuyers and Allow for Innovation in Brokerage Markets
Read the entire DOJ press release here:
https://www.justice.gov/opa/pr/justice-department-files-antitrust-case-and-simultaneous-settlement-requiring-national
NAR also issued a statement and released a video message delivered by 2021 NAR President Charlie Oppler:
2020 NAR-DOJ Agreement Regarding MLS Rules
Read the post from the NAR and watch the video statement here:
https://www.nar.realtor/2020-nar-doj-agreement-regarding-mls-rules
Access the Agent On Duty podcast blog show notes to all episodes:
https://www.innovativeproperties.com/podcast/
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