Repeated legal battles between top agent network (Tan) And National Association of Realtors (NAR) has been turned off. On Monday, the parties notified Judge Vince Chabria of the U.S. District Court for the Northern District of California that they had agreed to dismiss the lawsuit without prejudice.
The parties will bear their own attorneys’ fees, costs and expenses, according to the filing.
TAN filed the lawsuit in May 2020, stating that the purpose of the lawsuit is that “NAR and its affiliates conspired to cut off competition, disrupt the relationship between real estate agents and their clients, and deprive families of their freedom of choice.” He claimed that. What should I do to put my house on the market? ”
The complaint argued that consumers should have the option to choose whether or not to sell their home on their local MLS. This option was reportedly removed due to NAR’s clear cooperation policy, which requires agents to list properties on the MLS within 24 hours of selling them.
The fourth amended complaint, filed in October 2024, says, “While most home sellers prefer to market through the MLS (which typically gets their listings in front of the most people the quickest), consumers I always hope that a significant proportion of the population will not do so.” said.
“Many consumers want to protect their privacy and do not want to host viewings or have their properties widely viewed on listing websites. We engage in limited off-MLS marketing to “test drive” homes listed on the local MLS to determine the right price. The MLS maintains listing data, inflates the prices of homes on the MLS, and failure to achieve a quick sale will result in a permanent decline in property value. ”
The case was dismissed with prejudice in 2021 after a lower court ruled that TAN did not state prejudice allegations in its third amended complaint. The plaintiff appealed against the judgment. to Ninth Circuit Court of Appeals. In August 2023, the Court of Appeals elected to reverse the lower court’s decision, ruling that the claims made in TAN’s lawsuit were nearly identical to those made in the lawsuit filed by TAN. did. PLS.comwas allowed to proceed.
The case was reopened by Judge Chhabria in December 2023, and TAN filed a motion for reconsideration in May 2024, but Judge Chhabria found that the plaintiffs “properly allege antitrust damages.”7 This was confirmed in late May.
San Francisco Association of RealtorsIt was the original defendant in the lawsuit, but it was voluntarily dismissed in 2024.
The dismissal of the lawsuit marks the end of this chapter in the legal battle between TAN and NAR, but since the lawsuit was dismissed without prejudice, TAN may file the lawsuit again if it wishes.
