In a recent development, the appeals court has made a significant ruling regarding the settlement agreement reached in 2020, stating that it does not prevent the Department of Justice (DOJ) from reopening its investigation into the National Association of Realtors’ (NAR) Participation Rule and Clear Cooperation Policy. This decision has far-reaching implications for the mortgage industry and could potentially lead to increased scrutiny and legal challenges for real estate agents and brokers.
Key elements of the ruling include:
– The settlement agreement from 2020 does not serve as a barrier to the DOJ reopening its investigation into NAR’s policies.
– The Participation Rule and Clear Cooperation Policy are under renewed scrutiny and may face additional legal challenges.
– Real estate agents and brokers may need to prepare for increased regulatory oversight and potential changes to industry practices as a result of this ruling.
You can read this full article at: https://www.housingwire.com/articles/appeals-court-to-allow-doj-to-reopen-its-investigation-into-nar/(subscription required)
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