Zillow, NAR Hit By Antitrust Lawsuit
Startup online brokerage REX claims Zillow and NAR constitute a cartel that has locked homes its agents represent out of online home listings search results.
Startup online brokerage REX claims Zillow and NAR constitute a cartel that has locked homes its agents represent out of online home listings search results.
Prosecutors and the National Association of Realtors have reached a settlement in a civil lawsuit filed yesterday that claims several NAR policies aimed at bolstering multiple-listings services against online competition violate federal antitrust laws.
Owning multiple real estate offices in a single market clearly isn’t illegal, but how big can you get without running afoul of antitrust laws? Attorneys say it’s not the size of the company, but rather its behavior that can trigger regulatory scrutiny.