Tag Archives: Rex Real Estate

NAR claps back on commission attacks

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The trade group’s president accuses commission detractors of duplicity “for a payout” under the guise of protecting consumers. Continue reading →

Consumer groups support REX suit against anti-rebate law

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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. Continue reading →

Study commissioned by REX claims commissions are deeply inflated

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Real estate commissions are inflated by as much as $50 billion 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. Continue reading →

Zillow to hire more than 2,000 remote employees by end of 2021

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The company announced on Thursday its goal to increase its employee rolls by 40 percent, largely by filling tech, mortgage and software development positions. Continue reading →

Salaried brokerage REX raises $40M in funding

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REX, a real estate brokerage that pays agents salaries and charges only 2 percent for listing commissions, has raised $40 million in a C1 funding round, putting it over the $115 million mark in total. Continue reading →