Federal antitrust prosecutors have asked the judge overseeing a lawsuit against Massachusetts’ main multiple-listings service to reject a proposed settlement in the case, arguing instead that buyers should be the only ones to pay their agents’ commissions.
Two of the biggest brokerages in the country will no longer require their agents to be members of the National Association of Realtors following settlements they signed in a pair of lawsuits challenging broker commission and MLS access rules.
It’s becoming increasingly apparent that the Department of Justice wants to force buyers to pay their own commissions. How would the real estate industry change?
Federal antitrust investigators say they’re abandoning a proposed settlement and the associated civil complaint against the National Association of Realtors. But it’s not letting the group off the hook.
