T
he National Association of Realtors (NAR) has filed a request with the Supreme Court to review an antitrust case involving the US Department of Justice. The case centers on whether the DOJ can reopen an investigation against NAR, which was previously settled in 2020 and deemed "closed." The DOJ has been pursuing the case since 2021, arguing that it can revisit the matter despite the settlement.
NAR argues that when the government makes a promise in a binding contract, it must honor its obligations. The association claims that the DOJ's attempt to reopen the investigation is unprecedented and sets a concerning precedent for future government contracts. NAR also notes that the change of leadership at the DOJ after Biden took office was used as a reason to reopen the case, which they argue is not a valid justification.
In its filing, NAR emphasizes the importance of contractual obligations in government dealings, stating that restoring this principle is crucial for maintaining trust and reliability in government contracts. The association believes that the Supreme Court should review this case because the previous decision was "exceptionally wrong" and has significant implications for future government actions.
A spokesperson for NAR stated that the DOJ should stand by its previous agreement, emphasizing the importance of holding the agency to its commitments. The case has sparked concerns about post-settlement real estate practices, with the DOJ continuing to investigate potential violations of new rules and practices mandated by NAR's agreement.
realestate
National Association of Realtors Seeks High Court Review in DOJ Dispute
Trade group seeks high court review of 2021 antitrust case ruling.
Read More - realestate
realestate
Rockford Housing Market Gains Momentum with New Hispanic Real Estate Partnership
City leaders expect NAHREP to boost Hispanic homeownership rates.
Read More - realestate
realestate
Commercial Real Estate Forum Held by Southeastern Association
Sandoval Economic Alliance holds partner luncheon at Quezada's Comedy Club, focusing on commercial real estate.
Read More
realestate
Rockford Housing Market Gains Momentum with New Hispanic Real Estate Partnership
City leaders expect NAHREP to boost Hispanic homeownership rates.