The National Association of Realtors scored a tentative win in a San Francisco federal court against an antitrust challenge to its policy requiring brokers to list properties on its databases within a day of marketing the “pocket listings” elsewhere.
Judge Vince Chhabria dismissed the lawsuit from the U.S. District Court for the Northern District of California, saying it “does not adequately explain why” the “clear cooperation policy” would affect competition in the home listings market or harm rivals like Top Agent Network Inc., which brought the case.
“Nowhere in the complaint does TAN allege that anyone will pay more for ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.