A full list of real estate companies making layoffs in 2022 and 2023
While real estate industry layoffs largely began with companies that provide mortgages and mortgage-related services, everyone from Adwerx to Zumper has been impacted by the downturn
by Matt Carter Jun 3
REX pivots to single-family rental market as its Hail Mary
Two weeks after reports of mass layoffs and office closures, REX eyes serving institutional buyers in the single-family rental market
by Marian McPherson May 25
Insurance agency says REX is still operating, adding new wrinkle
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
by Andrea V. Brambila May 19
REX hires lawyer-to-the-stars David Boies to carry on battle with Zillow
Boies, who has represented Al Gore, Harvey Weinstein and failed medical startup Theranos, told Inman he took the case because it's 'important to enhancing competition in housing markets'
by Jim Dalrymple II May 16
REX abandons antitrust case against Oregon rebate ban
Discount brokerage says it will focus on 'other issues that cause consumers to be overcharged every time they buy and sell a home'
by Andrea V. Brambila May 12
Demise of discount brokerage REX may be imminent, reports indicate
REX General Counsel Michael Toth did not directly confirm REX was closing, but blamed NAR and Zillow for the death of its business model and said its suit against both would continue
by Andrea V. Brambila May 11
NAR heads into midyear gathering while under siege on multiple fronts
The National Association of Realtors, which boasts 1.5M members, will tackle real estate's hottest topics a week after suffering a series of legal setbacks in court. Here's a breakdown of the agenda
by Jim Dalrymple II May 2
'Writing is on the wall': Court tosses NAR counterclaim against REX
Judge finds the National Association of Realtors failed to allege facts to show how the discount brokerage specifically harmed the trade group's reputation with its own members and consumers
by Andrea V. Brambila Apr 28
REX asks court to toss NAR countersuit on First Amendment grounds
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
by Andrea V. Brambila Feb 23
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The discount brokerage is now a member of 6 multiple listing services, but says it's still avoiding 'traditional' agent fees by offering a low commission when it submits listings
NAR countersues REX Real Estate, alleges harm from 'campaign of lies'
Real estate trade organization hits back at discount brokerage's claims regarding its own business model and inflated real estate commissions
REX appeals dismissal of antitrust suit against Oregon's anti-rebate law
Discount brokerage says, 'Oregon failed to show any reason why consumers should be forced to pay thousands of dollars more to buy homes'
by Andrea V. Brambila Jan 12
REX: Realogy's stance is prelude to a reckoning on commissions
Realogy says it believes in buyer agents and cooperative compensation, but not in forcing brokers to enter a commission amount to list in a multiple listing service
by Andrea V. Brambila Jan 11
Gary Keller named the most powerful person in real estate
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
by Jim Dalrymple II Jan 11
New court ruling is both victory and defeat for NAR and REX
Discount brokerage's antitrust claims survive after judge concludes REX 'plausibly alleges that Zillow changed its websites because of NAR’s rules'
by Andrea V. Brambila Dec 21