There has been an ongoing legal battle since 2020, and now NAR is planning to escalate the issue by taking the Department of Justice to the nation’s highest court to enforce a previous settlement.
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Each week on The Download, Inman’s Christy Murdock delves into the top-read stories of the week to give you the insights you need for the week ahead. This week: There has been an ongoing legal battle since 2020, and now NAR is planning to take the Department of Justice to the nation’s highest court to enforce a previous settlement.
Much of the recent legal discussions have been consumer-focused, with consumer watchdog organizations and buyers and sellers at the forefront of conversations about the real estate industry’s practices.
The shadow of the National Association of Realtors’ settlement has raised questions about the Department of Justice’s stance on Realtors’ practices and potential mandated changes.
In 2020, the DOJ filed a lawsuit against and settled with NAR, focusing on rules deemed anticompetitive. The DOJ later resumed its investigation and withdrew from the settlement in 2021.
Now, NAR has announced its intention to petition for a writ of certiorari to the Supreme Court by Oct. 10. This decision follows a recent setback for NAR when an appeals court denied their request for a rehearing.
EXTRA: Kevin Sears shares insights on NAR and the DOJ
As NAR’s challenges and uncertainties continue, it’s crucial to be cautious in dealings with the trade group and in your business practices. The industry and its professional organizations are under scrutiny, so proceed with care.
I’m a real estate broker, but I’m no longer a Realtor. Here’s why
Massachusetts broker Nadine Hiser explains the distinctions between NAR-affiliated brokers and independents like herself, and why her company, Key Realty Group, chose to disassociate from NAR.
A bicoastal agent’s life since the commission rules changed
Operating under the new commission rules is akin to playing Red Light, Green Light on a tightrope, writes bicoastal agent Cara Ameer.