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.]
Thanks to Chris Steins
FULL STORY: U.S. Plans Antitrust Suit Over Real-Estate Listings
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