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Court Report: NAR Seeks to Examine Decade-Old Fraud Allegations Against ARA Co-Founder
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RISMedia
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate.
NAR is asking for internal communications related to those allegations, claiming that the issues are related to the NAR rules that Umansky’s company PLS.com has alleged violate antitrust laws.
The fraud-related lawsuits against Umansky and his brokerage business were eventually dismissed or settled, and Umansky denied wrongdoing.
“Having exhausted efforts to resolve this dispute through good-faith negotiations, NAR now moves to compel (Umanksy’s brokerage) to produce documents,” NAR wrote in a court filing.
They also argued that any documents could be obtained from PLS.com, or NAR can ask Umansky directly when they depose him in September.