Class Action Suit Against MLS and a Possible DOJ Investigation

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Posted To: MND NewsWire

The housing crisis put the spotlight, legal and otherwise, on the ways in which home purchases were financed. Financial difficulties weeded out many marginal players as well as unethical ones in the housing finance space, and new regulations, as well as lawsuits over previous methods of doing business, changed the industry dramatically. Now, attention has turned toward the ways in which those homes are sold, and the companies involved in doing it. Over the last few months there has been some legal activity, mostly directed at multiple listing services (MLS) , the entities that aggregate and display listings of homes for sale. These actions are aimed at determining how real estate sales commissions are established and shared and how this may limit competition.. At present, there are two legal...(read more)

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Source: http://www.mortgagen...

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