The Department of Justice indicated it scrutinizes real estate practices that may inhibit competition, highlighting the critical nature of competition in the housing market.
The DOJ's filing expresses concerns over a settlement provision mandating buyer-broker agreements, suggesting it could restrict competition and violate antitrust laws.
In its statement, the DOJ proposed alternatives to the controversial buyer broker agreement requirement, aiming to promote competitive practices in residential real estate.
The DOJ emphasized that buyer broker agreements might harm competition among brokers, reminiscent of previous antitrust violations seen in other legal cases.
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