REX: 'Outmoded' real estate rules 'struck a vein' with DOJ
Brokerage backed by Chris Christie and Jeb Bush says agent steering by commission should 'shock the conscience' of anyone interested in equity in housing
Why REX pays buyer agents and uses MLSs — sometimes
REX's general counsel Michael Toth says the discount brokerage pays buyer agents in at least 40% of its list-side transactions
REX CEO calls on NAR to repeal 'anti-consumer' rules at conference
In an open letter, Ryan alleges the National Association of Realtors' rules prevent hundreds of thousands of Americans from attaining homeownership. He called on NAR to repeal the rules at its Realtors Conference and Expo in San Diego in November
by Andrea V. Brambila Sep 30
NAR to consider listing attribution, DOJ-inspired policies at big event
Lockbox access for non-Realtors and public displays of buyer broker commissions may be added to the list of proposals to be voted on at Realtors Conference and Expo in November
by Andrea V. Brambila Sep 24
Redfin CEO, Zillow pour cold water on TikToker's iBuyer theory
A recent viral video suggested iBuyers could jack up the prices of homes. But one expert called the theory 'fairly conspiratorial,' and iBuyers themselves said they still have a tiny share of the market
by Jim Dalrymple II Sep 23
Facade Flags Justice Department Building Washington DC
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
by Brad Inman Sep 22
80% of real estate brokerages operate from one office: NAR
The National Association of Realtors' 2021 Profile of Real Estate Firms revealed how brokers are pivoting with enhanced consumer and agent benefits
by Marian McPherson Sep 17
A Florida landlord is requiring vaccines for tenants. Is that legal?
The landlord operates approximately 1,200 rental units but will require vaccines for anyone wanting to move in or renew a lease. The situation could serve as a test case
by Jim Dalrymple II Sep 16
NAR vs. DOJ: A timeline of the battle as it stretches into 4th year
An analysis of the association's petition offers a step-by-step timeline of the events leading up to the DOJ's launch of a new investigation of NAR rules
by Andrea V. Brambila Sep 16
DOJ quietly resumed NAR probe days after settlement withdrawal
In a 418-page petition filed Monday, NAR contends the antitrust regulator swiftly reopened its investigation into Clear Cooperation Policy and buyer broker commissions in July
by Andrea V. Brambila Sep 15
Top Agent Network appeals dismissal of NAR antitrust suit
Lower court suggested TAN was the wrong plaintiff to bring suit because its business model is itself allegedly anticompetitive, but TAN says the court's order was 'erroneous'
by Andrea V. Brambila Sep 14
NAR fights back against DOJ efforts to withdraw antitrust settlement
The trade group accused the Justice Department of reneging on a binding agreement. NAR also said it had already begun implementing policies based on its DOJ settlement
by Jim Dalrymple II Sep 13
NAR can't raise the bar — but your broker can
Opinion
NAR is the face of real estate — a nice big target to blame when something needs to be fixed. But here's why it's really up to real estate brokerages to raise their standards
by Teresa Boardman Sep 10
Two men standing on either side of a line on the ground
Real estate brokerage giant says 'many listing search websites misdirect consumers by obfuscating display of a property’s listing firm'
Federal judge denies NAR, Zillow's motion to end REX lawsuit
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
by Marian McPherson Sep 3