Tag Archives: discount brokerage

Buyer agents are already cutting commissions: The Download

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In the post-Sitzer world we now live in, agents and brokers are already dealing with the new reality by cutting buyer commissions to the bone. Continue reading →

Court thwarts NAR, orders execs to turn over evidence in REX case

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The brokerage argued that Bob Goldberg and Katie Johnson, among others, were responsible for NAR policies “limiting both how homes are listed online and the negotiation of commissions.” Continue reading →

KW demands REX turn over audio recordings in commission suit

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The real estate franchisor has subpoenaed the discount brokerage for recordings of all in-bound calls, not just those purporting to show agent steering, in multibillion-dollar class-action case. 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 →

Clever Real Estate raises $8M in Series B, eyes mortgages

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The discount paper brokerage says it reached profitability in the third quarter and is on track to sell more than 6,000 homes this year. Continue reading →

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 →

Judge to REX: Stop calling NAR, Zillow a ‘cartel’

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A judge also denied REX’s request for a preliminary injunction against NAR and Zillow. REX asked for the injunction after arguing that it was the victim of anticompetitive practices. Continue reading →

Flat-fee brokerage Houwzer expands into Tampa

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The launch marks the brokerage’s second foray into Florida, after moving into Orlando in the summer of 2020. Continue reading →

Why eXp’s top tech exec joined flat-fee rival Redefy

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Scott Petronis, the newly appointed chief product and technology officer at discount brokerage Redefy believes the consumer is getting overshadowed in the real estate industry. Finding a company that he believes has a greater focus on the consumer is a… Continue reading →