Tag Archives: Rex Real Estate

REX pivots to single-family rental market as its Hail Mary

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Nearly two weeks after mass agent layoffs and the closure of two offices, controversial discount brokerage REX has yet to throw in the towel. Continue reading →

Insurance agency says REX is still operating, praises tech

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PIUS CEO tells Inman the company is operating ‘on a smaller scale,’ but a former REX agent says those operations no longer include handling real estate transactions. Continue reading →

REX hires lawyer-to-the-stars David Boies to carry on battle with Zillow

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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

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

Demise of discount brokerage REX may be imminent, reports indicate

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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 →

NAR heads into midyear gathering while under siege on multiple fronts

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The National Association of Realtors, which boasts 1.5 million 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. Continue reading →

‘Writing is on the wall’: Court tosses NAR counterclaim against REX

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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. Continue reading →

New court ruling is both victory and defeat for NAR and REX

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Discount brokerage’s antitrust claims survive after judge concludes REX “plausibly alleges that Zillow changed its websites because of NAR’s rules.” Continue reading →

From hate speech to antitrust: The year in MLSs and associations

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2021 came with Realtor misbehavior, rising legal and regulatory scrutiny and MLSs becoming tech investors after Zillow’s acquisition of ShowingTime. Continue reading →

Court tosses REX antitrust suit against Oregon anti-rebate law

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Judge said discount brokerage had made ‘compelling arguments’ that law hurts consumers and artificially inflates home prices, but that states are immune from federal antitrust laws. Continue reading →