jasgeo.blogg.se - Pocket buyer real estate

“The sad fact in this case was what did NAR have to spend to defend such a common sense decision?” said Keller Williams co-founder Joe Williams.

Some viewed the DOJ’s investigation as a classic example of “government overreach” and lauded the court’s decision. On Monday the court gave the DOJ until March 13 to submit its brief and gave NAR until April 20 to submit an answering brief in the case.Īgents, brokers and others commenting on Inman’s article about the NAR-DOJ ruling were mixed regarding their thoughts on the ruling and on the NAR rules at issue. Last week, the DOJ asked to submit an amicus brief in one such case regarding the Clear Cooperation Policy and an appeals court granted the agency’s request.

Regardless, these rules will continue to be debated as they are also the subjects of multiple antitrust lawsuits filed against NAR filed by private parties, some of which the DOJ has intervened in and appears poised to continue to get involved in. It’s unclear at this point what the ruling means for the DOJ’s investigation into NAR’s policies or if the agency will appeal the district court’s decision.

the Clear Cooperation Policy, which requires listing brokers to submit a listing to their Realtor-affiliated MLS within one business day of marketing a property to the public.

the Participation Rule, which requires listing brokers to offer a blanket, unilateral offer of compensation to buyer brokers in order to submit a listing into a Realtor-affiliated multiple listing service.

On Thursday, a federal district court in Washington, D.C., set aside the DOJ’s request for information from NAR on: Register here.Ī court ruling in favor of the National Association of Realtors over a Department of Justice probe has drawn a variety of reactions from agents, brokers and other industry players, demonstrating divisions within the industry over two of NAR’s rules on buyer-broker commissions and pocket listings. Join us at the Aria Resort to gain insight into the future, discover new strategies, and network with real estate’s best and brightest. Inman events are the best way to learn, connect and grow.