The court held that membership criteria which gave a Board the means to restrict access to the MLS were potentially anti-competitive and constituted an impermissible group boycott under Rule of Reason analysis. (nar.realtor)
The court then created a new Rule of Reason test for the analysis of membership criteria of an MLS that has market power. (nar.realtor)
The court held that under Rule of Reason analysis, the Board practices did not constitute a group boycott or tying agreement in violation of the Sherman Antitrust Act. (nar.realtor)