DOJ challenges NAR’s settlement, demanding stricter real estate regulations.

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DOJ lawyer just told a judge the National Association of Realtors settlement doesn’t go far enough, and that they don’t want seller agents offering compensation to buyer agents on the MLS or anywhere else.

Key points:

  • DOJ contests adequacy of NAR settlement in real estate practices.
  • Advocates for ban on seller agents’ MLS compensation offerings.
  • Uncertain stance on intervention in related Sitzer/Burnett lawsuit.

Source:

https://finance.yahoo.com/news/doj-offers-agent-compensation-not-190858642.html

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