NAR

Battle Over Real Estate Transparency: Mauricio Umansky Revives Antitrust Suit Against NAR Amidst Controversial Listing Rules

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Los Angeles, California — The battle over the National Association of Realtors’ Clear Cooperation Policy has resurfaced, spearheaded by Mauricio Umansky, founder of The Agency and co-founder of the pocket listings website PLS.com. Umansky has reignited an antitrust lawsuit against NAR, which he initially filed in 2020, with the aim of challenging restrictive real estate listing rules that he claims limit homeowners’ marketing choices. The newly refiled complaint as of July 1 alleges that the Clear Cooperation Policy undermines homeowner agency, asserting that individuals should have the freedom to decide how they market their properties. … Read more

Policy Institute Challenges Far-Reaching NAR Settlement, Warns of Judicial Overreach in Real Estate Reform

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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