DOJ -vs- NAR, the Poll
On September 5, 2005, the Department of Justice (DOJ Anti-Trust Division) filed suit in the US District Court of Illinois against the National Association of Realtors (NAR) for restraint of trade under the Sherman Act.
Essentially, the DOJ’s complaint charged that NAR’s policies for use of property information on the Internet were too restrictive and non-competitive in that they force participants into unfair trade practices. The suit states “the aforesaid contract, combination, or conspiracy has had and will continue to have anticompentitive effects in the relevant markets, including:
- suppressing technology innovation
- reducing competition on price and quality
- restricting efficient competition among brokers
- making express or tacit collusion more likely; and
- raising barriers to entry
REALonomics is tracking the DOJ -vs- NAR suit and is now polling its readers about this action. Assuming the DOJ is successful in its suit against NAR, what impact will it have on property information access and commission fees? Please post your vote in the follow poll.
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Popularity: 48% [?]
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