A lawsuit filed by Homie claims harm from anticompetitive practices by NAR and brokerage defendants. Homie charges a flat fee for MLS listings, with seller compensation often lower than traditional brokers. The suit challenges five NAR rules, including the Clear Cooperation Policy. The court found Homie's claims time-barred due to the statute of limitations. The rules in question had been adopted years before, impacting Homie's competitive ability since its market entry in 2015. The court ruled that the relevant causes of action arose more than four years prior to the lawsuit's filing.
Homie faced financial distress due to local brokers and agents boycotting its listings, alleging such actions were a result of anticompetitive practices by NAR and other defendants.
The court ruled that Homie's claims were time-barred due to the statute of limitations, as the relevant causes of action arose more than four years before the lawsuit.
Homie challenged multiple NAR rules, asserting they contributed to its exclusion from effective competition, with claims dating back to rules adopted as early as 1996.
Most of the Challenged NAR Rules were already established when Homie entered the market in 2015, leading to an immediate impact on its ability to compete.
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