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.” Continue reading

REX abandons antitrust case against Oregon rebate ban

REX, which offers buyers commission rebates, filed suit against Oregon officials in December 2020. Continue reading

Brokerages push back on NAR ad campaign targeting ‘competitors’

The trade group highlighted its own members — including Zillow, Compass, Redfin, Homie, Opendoor and Offerpad — among those whom it’s competing with for consumer mindshare. Continue reading

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. Continue reading

Ukrainian Realtors appeal to NAR: ‘I beg you not to forget my country’

Trade group raises more than $20K in three hours for Ukraine relief, on top of $50K in donations from Second Century Ventures and Louisiana Realtors. Continue reading

‘Much needed’ or ‘Ridiculous’? Realtors sound off on NAR fee hike

Paying $10 more for the trade group’s consumer ad campaign has agents and brokers reevaluating what they’re getting for their NAR membership. Continue reading

NAR votes to raise annual membership fee by $10

The trade group’s special assessment for its “That’s Who We R” campaign will rise to $45 annually in 2023, in addition to NAR’s membership dues, which the board voted Friday to keep at $150. Continue reading

NAR assembles group to explore crypto’s impact on real estate

A presidential advisory group of Realtors and staff will probe the impact of digital money in the real estate industry, with a potential eye toward completely digitizing the transaction process. Continue reading

NAR listing broker attribution policy deadline delayed at midyear

MLSs will have six more months to implement the policy as well as a single data feed policy, NAR’s director of engagement told the Multiple Listing Issues and Policies Committee Wednesday. Continue reading

Judge halts commission-sharing case alleging inflated buyer costs

Unlike two federal cases that claim seller costs are inflated by commission sharing, New Jersey homebuyer’s lawsuit argued that buyers are the ones unfairly impacted. Continue reading