The US FTC finds that Michigan realtors’ policies violated antitrust laws in a far reaching decision for joint ventures (Realcomp)

Last week the Federal Trade Commission ruled that a Michigan realtors' group violated federal antitrust law by limiting the publication of certain types of real estate listings within its Multiple Listing Service (MLS) and publicly accessible real estate web sites. Reversing a 2007 ruling by an Administrative Law Judge, on November 2 the FTC ordered the group, Realcomp II Ltd. (Realcomp), to amend its publication policies to avoid discriminating against listings by brokers employing lower-priced alternative brokerage arrangements. Of broader significance, the decision highlights the agency's willingness to prosecute specific conduct it deems « inherently suspect, » even within the context of a legitimate joint venture, without significant inquiry into the traditional antitrust elements

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Michael H. Knight, The US FTC finds that Michigan realtors’ policies violated antitrust laws in a far reaching decision for joint ventures (Realcomp), 2 November 2009, e-Competitions November 2010, Art. N° 33764

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