Policy Institute Challenges Far-Reaching NAR Settlement, Warns of Judicial Overreach in Real Estate Reform
WASHINGTON — A nonpartisan research organization is challenging a recent settlement involving the National Association of Realtors (NAR), arguing that it could undermine the separation of powers in the U.S. legal system. The Institute has filed a proposed brief expressing concerns over what it describes as an overreach in judicial authority that could set a precedent for private antitrust litigation. The organization contends that the settlement, which aims to reform certain practices in the real estate industry, raises significant questions regarding the legitimacy of using a class-action agreement to impose extensive structural changes without legislative … Read more