‘The Airbnbust is upon us’: A tweet hints at Airbnb’s fall. But is it right? 

Social media users claim short-term rental bookings are collapsing. But the data tells another story. Inman reached out to Airbnb and to some experts who follow the short-term rental space. Continue reading

Judge orders Zillow to give REX FSBO listing data

Federal court in Seattle grants the discount brokerage’s motion to compel on the grounds that the data could show whether Zillow and NAR caused harm to REX or to competition in general. Continue reading

The other real estate company named Rex just laid off 4% of its staff

The Texas-based firm does property management and provides a variety of tech platforms. The layoffs come amid widespread job losses in the real estate sector. Continue reading

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

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

REX seeks court order for Zillow listing data on FSBOs

Court sets new trial date for June 5, 2023, as the legal battle over the National Association of Realtors’ no-commingling rule continues. Continue reading

Zillow to REX: Let’s unite against NAR’s ‘no-commingling rule’

A legal battle of wills rages on as the three parties have motions to compel pending before the court. On Tuesday, REX pushed back against Zillow’s motion to compel, calling it a “fishing expedition.” Continue reading

MLS-listed homes sell for more, a new study claims. But there’s 1 twist

Critics raise issues over conclusion that listing homes on the MLS is what caused higher sales prices and faster transactions, especially if NAR rules mean MLSs have a thumb on the scale. Continue reading

Colorado MLS first to rescind controversial listing display rule

After nearly two decades, REcolorado has eliminated NAR’s optional no-commingling rule, which is the subject of an antitrust lawsuit. Continue reading

Zilllow seeks court order over REX laptops allegedly kept as ‘severance’

Zillow on Friday filed a motion to compel REX to identify employees who left the discount brokerage with laptops that could hold evidence relevant to an ongoing antitrust lawsuit. Continue reading

Homebuyers sue REX after losing $140K in wire fraud scam

The complaint alleges negligence and breach of fiduciary duty after an unknown third party impersonated the brokerage’s title company and sent the buyers fraudulent wiring instructions. Continue reading