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good overview of DOJ vs NAR

just saw this article about the DOJ suit against the national association of realtors linked from the matrix blog. i think the key paragraph is this one about the new opt-out rules to keep MLS listings off the internet:

The policy does not require brokers to disclose to clients that their listings would be withheld from some prospective purchasers as a result of the brokers’ opt-out decision. In addition, in the markets that have already implemented the Policy, brokers have already exercised their opt-out rights and have excluded their clients’ listings from broker operated VOWs, as well as from brokers who will use password protected Web sites to provide listings to their customers in the future.

brokers will not be required to tell their clients that listings are being kept off the internet, but in an increasingly buyers’ market, the sellers are almost certain to learn of this policy, and my guess is that they will NOT be pleased. if i were selling today, would i want my listing withheld from the internet? well the short answer is: no way.

This entry was posted on Monday, November 21st, 2005 at 6:52 pm by Eric and is filed under Market Conditions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “good overview of DOJ vs NAR”


  1. 3 cents says:
    February 12th, 2006 at 9:59 am

    Withholding listing from interent is a breach of brokers’ fiduciary duty to client to maximize exposure of listing. Can anyone argue otherwise?

  2. MIKEOD says:
    February 21st, 2006 at 7:38 pm

    ANYONE SEEN ANY INFO ABOUT DOJ VERSUS NAR RE: REAL ESTATE INDUSTRY PRICE-FIXING?

    LOT OF BAD CONDUCT GOING ON IN HOUSTON, TEXAS.

    AND, OH YES, I COMPLETELY AGREE WITH “3CENTS” RE: WITHHOLDING LISTINGS FROM INTERNET. JUST WHO DO REALTORS THINK THEY ARE?

  3. Cym says:
    November 25th, 2006 at 7:57 pm

    “if i were selling today, would i want my listing withheld from the internet? well the short answer is: no way.”

    Agreed.

    It’s also true of holiday rental accommodation. We are in the nice position of being able to go away several times a year, including the UK and USA earlier this year. And in all cases, we did the accommodation search online.

    The same goes for the 5 days we had at the beach last week here in New South Wales, Australia. Found it online!

    And when we search for mortgage info or houses for sale, again the first port of call is… the internet. With broadband, of course.

  4. Peter Pang says:
    January 30th, 2007 at 9:27 pm

    I agree, there are a lot of bad practice in NAR community.


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