Court Rules DOJ Can Reopen Probe into Realtor Commission Policies
The decision overturns a lower court's ruling, allowing the investigation into potentially anticompetitive practices to continue.
- A federal appeals court ruled that the DOJ can reopen an antitrust investigation into the National Association of Realtors (NAR), reversing a lower court's decision.
- The investigation focuses on NAR's commission policies and their impact on home prices, with critics arguing they contribute to unaffordable housing.
- NAR had previously settled with the DOJ during the Trump administration, but the Biden administration opted to continue the probe.
- The NAR recently agreed to pay $418 million in a settlement over commission rates, but the DOJ's ability to investigate further was contested.
- The ruling could affect ongoing legal battles, including a Missouri lawsuit where NAR was found to have conspired to artificially increase commissions.