DOJ can reopen NAR antitrust probe: appeals court

  • DOJ can reopen NAR antitrust probe: appeals court

    Posted by metta on April 6, 2024 at 2:24 am

    DOJ can reopen NAR antitrust probe: appeals court


    The National Association of Realtors is officially back in the federal spotlight.

    The Department of Justice can reopen its antitrust investigation into the trade group’s policies, according to a ruling in a Washington D.C. federal appeals court on Friday.

    In a 2-to-1 vote, judges rejected the organization’s request to uphold a settlement reached with former President Donald Trump’s administration in 2020, in which the federal agency agreed to end its investigation into the 1.5-million-member trade group.

    The DOJ withdrew from the settlement under President Joe Biden. In June, the agency filed an appeal brief disputing a district court ruling that said NAR was released from any obligations included in the settlement while the DOJ was barred from continuing its probe.”

    “We discern no commitment by DOJ — express or implied — to refrain from either opening a new investigation or reopening its closed 12 investigation,” the decision reads.

    https://therealdeal.com/national/2024/04/05/doj-can-reopen-nar-antitrust-probe-appeals-court/

    metta replied 1 month, 3 weeks ago 1 Member · 0 Replies
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