Battle Over Real Estate Listings Heats Up
11 May 2005 - 7:00am
The U.S. plans to file an antitrust suit against the National Association of Realtors for restricting access to real estate listings.
"The Justice Department is expected to charge that the NAR, in a proposed 2003 bylaw, illegally adopted practices intended to stifle Internet-based rivals and discounters, according to lawyers close to the case. These competitors often charge commissions below the traditional 6% that is divided between buying and selling agents."
[Editor's note: The link below is available to nonsubcribers for a period of six days.]
Source:
Wall St. Journal, May 10, 2005
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