Court Grants DOJ Authority to Continue Investigating NAR's Commission Practices
DOJ Granted Authority to Continue Antitrust Probe
An appeals court decision has authorized the Department of Justice (DOJ) to resume investigating the National Association of Realtors (NAR) over alleged antitrust violations. The ruling reverses a prior settlement and allows the DOJ to delve into NAR's commission policies affecting home sellers.
Reopening of the Investigation
In a 2-1 decision, the court emphasized the importance of continuing the probe to address potential anti-competitive practices within the real estate market.
The dispute revolves around the substantial commission rates imposed on homebuyers, contributing to soaring home prices and affordability concerns.
Significance of the Ruling
The court's decision to reopen the investigation signals a renewed effort to scrutinize NAR's practices and ensure fair competition in the real estate sector.
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