The National Association of Realtors is a Cartel, “NARtel”.

$182 million in member dues
  • Spent over $100 million on lobbying since 1999
  • 2nd largest top spender in lobbying after the U.S. Chamber of Commerce
  • Ranked number 2 of 3,513 in lobbying, spending $54,530,861
  • Spent $64,821,111 in 2016
  1. U.S. v. National Association of Realtors: NAR was accused of discriminating against innovative brokers who use the Internet to provide high-quality, low-priced brokerage services to consumers
  • NAR attempted to prevent online-based brokerages from accessing the Multiple Listings Service (MLS). Under final judgement, NAR repealed the policies and replaced them with rules that don’t discriminate.
  • The MLS board required brokers to perform a prescribed set of services — such as negotiating a home’s sale price and attending the closing — even if the broker’s customer would prefer to perform some of these tasks on his or her own in order to save money on the real estate broker’s fee.
  • They gave Columbia real estate brokers the ability to exclude brokers from outside Columbia who could offer local consumers innovative brokerage options that better match their needs.
  • On August 27, 2009, the Court entered a Final Judgment that required the Consolidated Multiple Listing Service, Inc. to cease enforcement of these rules and prevented the MLS from passing new rules that would discriminate against innovative brokers.
  • Required member-brokers to maintain a physical office (an effort to thwart virtual brokerages), reside within the MLS service area, and operate their offices during hours deemed reasonable by the MLS.
  • Required prospective members to disclose their business history and prior employment and obtain letters of recommendation from three current broker-members.
  • Authorized the MLS Board of Trustees to adopt mandatory commission guidelines and to impose discriminatory requirements on Internet-based brokers.
  • On May 28, 2008, the Court entered a Final Judgment that required the Hilton Head MLS to cease enforcement of these rules and prevented the MLS from passing new rules that would discriminate against innovative brokers.
  • The United States settled its lawsuit after the Kentucky Real Estate Commission agreed to rescind its rebate ban.

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I used to add miracle grow to data-analytics firms, now Im a proptech founder bringing offline consumer experiences online.

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John Fulton

John Fulton

I used to add miracle grow to data-analytics firms, now Im a proptech founder bringing offline consumer experiences online.

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