The plaintiffs argue that mandatory membership in the National Association of Realtors and affiliated organizations is an antitrust violation, restricting access to vital MLS tools.
The amended complaint suggests that the elimination of buyer broker compensation in the MLS due to NAR's commission settlement hampers the value of Realtor membership.
Real estate professionals claim that compulsory membership in Realtor associations is a restraint of trade, as it diminishes options and costs for brokers and agents.
Essentially, the plaintiffs maintain that to succeed in real estate, they must join organizations which offer no tangible benefits due to recent regulatory changes.
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