The Federal Communications Commission (FCC) voted on December 14 to dismantle its net neutrality regulations.
The issue will now move to the courts, where several groups will challenge the FCC’s decision. Congress is also considering legislation that would codify the rules in law.
NAR has actively supported net neutrality for years. We are concerned that a rollback of net neutrality rules could raise costs on business owners, like real estate professionals, who make heavy use of technology and online platforms. In particular, NAR notes that paid-prioritization models and other anti-competitive practices could put small businesses at a significant disadvantage. For example, NAR said, larger companies could pay for internet fast lanes that deliver content to consumers faster on some websites than from others.