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 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
Real estate trade organization hits back at discount brokerage's claims regarding its own business model and inflated real estate commissions
The company believes its rebate program will be attractive to homebuyers in particularly hot markets, such as Seattle, where home prices have increased 68.4% since 2016
Discount brokerage says, 'Oregon failed to show any reason why consumers should be forced to pay thousands of dollars more to buy homes'
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
Discount brokerage's antitrust claims survive after judge concludes REX 'plausibly alleges that Zillow changed its websites because of NAR’s rules'
The trade group will weigh whether to require multiple listing services to allow agents and brokers to display buyer agent compensation, but it won't consider change to lockbox policy
Brokerage backed by Chris Christie and Jeb Bush says agent steering by commission should 'shock the conscience' of anyone interested in equity in housing
REX's general counsel Michael Toth says the discount brokerage pays buyer agents in at least 40% of its list-side transactions
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
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