Settlement Reached For Online Real Estate Agents

By: Associated Press
By: Associated Press


WASHINGTON (AP) - The Justice Department has settled a lawsuit
against a group of real estate agents who were accused of illegally
blocking Internet-based brokers from accessing home listings.
Government attorneys say such practices limit competition among
real estate agents and put online brokers at a disadvantage.
Online agents often charge lower fees and allow consumers to
review listings at their own pace.
Tuesday's settlement forces the National Association of Realtors
to stop blocking the posting of home listings on Web sites.
The Washington-based lobbying group eased some of its policies
against online brokers when the Justice Department filed suit in
September 2005.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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