This Wednesday, a federal court judge dismissed all antitrust allegations raised by REX Real Estate against both the National Association of Realtors (NAR) and Zillow. REX Real Estate, a real estate brokerage company, had filed two separate antitrust lawsuits against both organizations earlier this year.
The first lawsuit that REX Real Estate had filed, labeled as a class-action suit, related to activities by NAR regarding the MLS, or multiple listing service. Specifically, REX had accused NAR of using its monopoly to enforce its rules and regulations on the MLS in a manner that restricted consumer choice and competition. The second lawsuit had predictably targeted Zillow, arguing that the online service was receiving an unfair competitive advantage from NAR’s monopoly on the MLS.
The key points of the event are:
• Federal Court Judge dismissed all antitrust lawsuits against NAR and Zillow
• REX Real Estate, a real estate brokerage, had filed two separate antitrust lawsuits against both organizations earlier this year
• The first lawsuit alleged that the NAR had used its monopoly on the MLS to restrict competition
• The second lawsuit targeted Zillow, alleging that the online service was receiving an unfair competitive advantage due to NAR’s MLS monopoly
You can read this full article at: https://www.housingwire.com/articles/judge-dismisses-antitrust-claims-against-nar-zillow/(subscription required)
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