Big NEWS! Congrats to REALCOMP II in this victory! This is a major victory for ALL REALTORS®!
ALJ Issues Initial Decision Dismissing Complaint Against Michigan Realtors' Group
Administrative Action Against Realcomp II, Ltd. Began in October 2006
In an initial decision filed on December 10, 2007 and announced December 13, 2007, Chief Administrative Law Judge (ALJ) Stephen J. McGuire dismissed a Federal Trade Commission complaint issued last year against a realtors' group in southeast Michigan, ruling that "upon review of the totality of the evidence . . . it is determined that Complaint Counsel has not met its burden" of demonstrating that the policies of Realcomp II, Ltd. (Realcomp) have unreasonably restrained or substantially lessened competition in the relevant market. McGuire accordingly concluded that Complaint Counsel had not shown that the group's policies resulted in "actionable consumer harm" in violation of Section 5 of the FTC Act.
Read more from the FTC
Read the Realcomp Announcement
Thank you to everyone who has supported REALCOMP II