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What will be the outcome of the antitrust lawsuit filed by Michigan brokers against NAR by December 31, 2024?
2
Resolution / Starting Odds
Court rules in favor of Michigan brokers • 25%
Court rules in favor of NAR • 25%
Case is settled out of court • 25%
Case is dismissed • 25%
Court ruling documents or official announcements
Story
Michigan Brokers File Antitrust Lawsuit Against NAR
Aug 13, 2024, 11:48 AM
Michigan real estate brokers have filed an antitrust lawsuit against the National Association of Realtors (NAR). The lawsuit challenges the compulsory membership requirement for accessing the Multiple Listing Service (MLS) following the removal of the guaranteed broker commission from the MLS. The complaint alleges that NAR mandates membership to control access to the MLS, effectively holding it hostage for those who pay membership fees. This legal action is part of a broader scrutiny of NAR's practices, with similar questions being raised by agents across the country.
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