U.S. Justice Department withdraws from settlement; launches probe of Realtors

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The department and the NAR had reached an agreement, announced in November, that required the organization either to scrap or change rules in order to give prospective home buyers more information about commissions for the brokers who represented them and to eliminate any misrepresentation that the services were free.

It also was to change rules that allow access to lock boxes only to brokers affiliated with the NAR.

The settlement would have restricted the Justice Department in pursuing additional probes of the association.

“The department is taking this action to permit a broader investigation of NAR’s rules and conduct to proceed without restriction,” the government said in a statement.

The organization did not immediately respond to a request for comment.