The real estate sector in the United States has witnessed a legal development involving a series of lawsuits across America against the National Association of Realtors (NAR) and the largest real estate brokerages for alleged violations of antitrust law. The complaint outlines practices and policies adopted by the NAR that the plaintiffs and even the DOJ claim are anti-competitive.
Not only that, but the lawsuit alleges that the NAR enables buyer brokers to mislead buyers into believing that their services are free. It also accused the NAR of facilitating discriminatory practices by allowing buyer brokers to filter MLS listings based on the level of commission offered. Doing so diminishes price competition and compromises service quality.
