Utah-based discount brokerage was once on a path for 1K agents. A few years later, the company was sold and is rebuilding under new ownership, starting with 22 agents in 2 states
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In the post-Sitzer world we now live in, agents and brokers are already dealing with the new reality by cutting buyer commissions to the bone
The company is appealing a recent ruling that rejected its request for a new trial. REX has been feuding with Zillow for years now
In a motion filed Tuesday in a Seattle federal court, the defunct discount brokerage claims it was unfairly prohibited from presenting testimony about commissions to jurors in the original trial
Opinion
As major brokerage brands settle the bombshell commission lawsuits, real estate agents will be discussing their commissions more than ever before
Brokerage argued that Bob Goldberg and Katie Johnson, among others, were responsible for NAR policies 'limiting both how homes are listed online and the negotiation of commissions'
The real estate franchisor has subpoenaed the discount brokerage for recordings of all in-bound calls, not just those purporting to show agent steering, in multibillion-dollar class-action case
Discount brokerage says it will focus on 'other issues that cause consumers to be overcharged every time they buy and sell a home'
The discount brokerage filed paperwork in a federal district court in Seattle that argues its opinions challenging the legality of the National Association of Realtors' rules are protected speech
The discount paper brokerage says it reached profitability in the third quarter and is on track to sell more than 6,000 homes this year
REX's general counsel Michael Toth says the discount brokerage pays buyer agents in at least 40% of its list-side transactions
A judge also denied REX's request for a preliminary injunction against NAR and Zillow. REX asked for the injunction after arguing it was the victim of anticompetitive practices
This will be the brokerage's second foray into Florida, after moving into Orlando in the summer of 2020
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