Tag Archives: Antitrust

Why REX pays buyer agents and uses MLSs — sometimes

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REX’s general counsel Michael Toth says the discount brokerage pays buyer agents in at least 40 percent of its list-side transactions. Continue reading →

REX CEO calls on NAR to repeal ‘anti-consumer’ rules at conference

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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. Continue reading →

Opendoor and FTC still at odds over iBuyer’s advertising

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Regulator threatened “enforcement action” related to allegedly “inaccurate” or “inadequately substantiated” advertising claims if settlement talks fail. Continue reading →

NAR vs. DOJ: A timeline of the battle as it stretches into 4th year

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An analysis of the association’s petition offers a step-by-step timeline of the events leading up to the DOJ’s launch of a new probe into NAR rules. Continue reading →

DOJ quietly resumed NAR probe days after settlement withdrawal

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In a 418-page petition filed Monday, NAR contends the antitrust regulator swiftly reopened its investigation into the Clear Cooperation Policy and buyer broker commissions in July. Continue reading →

Top Agent Network appeals dismissal of NAR antitrust suit

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Lower court suggested TAN was the wrong plaintiff to bring suit because its business model is itself allegedly anticompetitive, but TAN says the court’s order was “erroneous.” Continue reading →

Broker sues NAR, claims listing agent omission violates antitrust

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Arizona broker Grady Hillis objects to rules prohibiting listing broker and agent contact information in public remarks and restricting access to lockboxes to Realtors. Continue reading →

Federal judge denies NAR, Zillow’s motion to end REX lawsuit

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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. Continue reading →

Court calls Top Agent Network ‘anticompetitive,’ tosses NAR suit

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Judge voiced concerns that the Clear Cooperation Policy could have anticompetitive effects, but suggested TAN was the wrong plaintiff to bring suit. Continue reading →

NAR to federal court in REX case: Ignore the DOJ

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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 Continue reading →