Another Industry to Undergo Radical Change - DOJ Rules Against NAR
Under the terms of the settlement, NAR will repeal its anticompetitive policies and require affiliated multiple listing services (MLSs) to repeal their rules that were based on these policies. NAR will enact a new policy
that guarantees that Internet-based brokerage companies will not be treated differently than traditional brokers. Under the new policy, brokers participating in a NAR-affiliated MLS will not be permitted to withhold
their listings from brokers who serve their customers through virtual office websites (VOWs). In addition, brokers will be able to use VOWs to educate consumers, make referrals, and conduct brokerage services. Such
brokers will not be excluded from MLS membership based on their business model. NAR will report to the Department any allegations of noncompliance.
http://www.usdoj.gov/atr/public/real_estate/index.htm
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