NAR faces new antitrust suit over alleged steering
Briefly

Zea runs a brokerage that charges sellers a listing fee for limited services, syndicating listings to MLS data feeds and forwarding buyer leads to sellers. He filed a complaint against multiple real estate associations for obstructing contact information flow, claiming this coordination undermined his business operations. The actions by the defendants allegedly harmed his growth potential and competitive standing in the real estate market. Zea also noted instances where buyer's agents steered clients away from properties with reduced commissions, further limiting his brokerage's market presence.
Zea's firm syndicates listings data to the MLS data feeds and forwards all buyer leads directly to the seller, offering limited services for a listing fee.
Defendants obstructed the flow of contact information, frustrating the essential function of Zea's service and causing substantial harm to his business.
Defendants' coordinated actions prevented Zea from growing, scaling, and competing fairly within the national real estate market, impacting brand recognition and revenue.
Zea claims that agents steered clients away from lower commission properties by filtering them out and disparaging them, limiting competitiveness in the market.
Read at www.housingwire.com
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