Lawsuits alleging that NAR rules regarding multiple listing services prop up commissions that inflate buyer and seller costs keep proliferating
Even earnest agents end up in an ethics violation, a lawsuit or revocation of a license
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'
Trade group's president accuses commission detractors of duplicity 'for a payout' under the guise of protecting consumers
The Consumer Federation of America and the Oregon State Public Interest Research Group argue that prohibiting rebates to buyers and sellers stifles commission competition and harms consumers
Real estate commissions are inflated by as much as $50B per year due to the lack of price competition created by having listing brokers set co-op fees for buyer brokers, according to the report in the Berkeley Business Law Journal
The company announced on Thursday its goal to increase its employee rolls by 40%, largely by hiring in tech, mortgage and loans, and software development positions
REX CEO Jack Ryan said he believed the recordings contributed to getting the US Justice Department's antitrust lawsuit against the National Association of Realtors off the ground
This latest infusion, led by 2 hedge fund managers, puts the tech streamlined brokerage over the $115M mark
A recent piece in Forbes suggested the multiple listing service is on its way out thanks to startups such as REX, but backers tell Inman they're not worried
The California-based brokerage uses artificial intelligence, targeted social media marketing, and robots to sell homes
Tech-driven L.A.-based startup operates outside the MLS
Mergers, integrations, acquistions, partnerships and more