In its suit, Homie claims that the real estate industry's anticompetitive actions have not only harmed home sellers but have also excluded competitors like itself from fair market participation.
Homie's lawsuit contends that by preventing new entrants like itself from competing, established real estate companies have been able to charge excessive brokerage fees, significantly harming consumer interests.
The company emphasizes that had it been permitted to compete without barriers, it could have effectively challenged the market dominance of the defendants, thereby benefiting consumers.
In attacking the rules set by the NAR, particularly the Participation Rule, Homie argues that these regulations create unfair market practices that stifle competition and innovation in real estate.
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