In new court filings in the Moehrl case, lawyers singled out hundreds of phone calls — far more than previously reported — in which agents steered business away from discount brokerage REX
PIUS CEO tells Inman the company is operating 'on a smaller scale,' but a former REX agent insists those operations no longer include handling real estate transactions
Other industry leaders who landed top spots on the prestigious Swanepoel Power 200 ranking include eXp's Glenn Sanford, Realogy's Ryan Schneider and Compass' Robert Reffkin
Judge said discount brokerage had made 'compelling arguments' that law hurts consumers and artificially inflates home prices, but that states are immune from federal antitrust laws
Brokerage backed by Chris Christie and Jeb Bush says agent steering by commission should 'shock the conscience' of anyone interested in equity in housing
Opinion
The messy set of industry practices at the crux of this fight are long overdue for major reform — now is the time to make it happen
Federal Judge Thomas Zilly said REX Real Estate's antitrust allegations against NAR and Zillow are 'plausible' in an order on Thursday. NAR said it will continue to defend itself against REX's claims
REX calls out NAR for alleged 'false assertions,' while NAR alleges REX is blaming others for its 'business shortcomings' and that 'consumers are not interested' in REX's services
The federal agency says NAR can't use a 2008 consent decree to shield itself from investigation of its rules
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
In an op-ed co-written by REX CEO Jack Ryan and REX President Lynley Sides, the pair said they 'won't stop' until policies like NAR's segregation rule no longer impede consumers
Compass versus Realogy. Keller Williams versus eXp. REX versus everyone. The real estate industry is full of big names and big feuds, and Inman's unpacking all of them
The well-connected discount brokerage is trying to raise more funding and grow its business as it takes on industry behemoths NAR and Zillow
Rules regarding public display of buyer broker commissions and lockbox access for non-Realtors were originally slated to take effect by the end of March
One agent told the discount brokerage: 'I won't bother to show [the listing]. Who's your local agent though because I'll make sure to tell people not to work with them'