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South Carolina home seller files US antitrust complaint against local MLS, firms

( April 11, 2024, 21:30 GMT | Official Statement) -- MLex Summary: The Consolidated Multiple Listing Service and a group of South Carolina real estate brokerage firms are facing US antitrust claims over their enforcement of rules that allegedly compel home sellers to provide an inflated fee to the broker representing the buyer of their properties. The complaint claims that the rules, created by the National Association of Realtors and enforced by the defendants, enable brokers to impose charges on home sellers beyond competitive thresholds and thwart competition from innovative or lower-cost alternatives.See document below. ...

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