Justice Department Files Antitrust Lawsuit
An AP newswire article, via Yahoo! News, reports that:
The Justice Department sued the National Association of Realtors on Thursday, claiming it unfairly limits competition by allowing real estate agents to withhold home listings from Internet-based brokers.
The antitrust lawsuit, filed in U.S. District Court in Chicago, follows lengthy negotiations in which the government pressed the Realtors to drop restrictions designed to protect traditional brokers.
The association announced changes to its original plan Thursday, but the new steps were insufficient to ward off the lawsuit because the organization kept in place brokers' ability to discriminate against competitors who post listings online, said J. Bruce McDonald, deputy assistant attorney general in the Antitrust Division.
posted by Fergie @ 9/08/2005 11:31:00 AM
0 Comments:
Post a Comment
<< Home