Tag Archives: rex

Colorado MLS first to rescind controversial listing display rule

By | | Uncategorized
Comments Off on 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’

By | | Uncategorized
Comments Off on 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

By | | Uncategorized
Comments Off on 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 →

Commission study paid for by HomeServices comes under fire

By | | Uncategorized
Comments Off on Commission study paid for by HomeServices comes under fire

The study argues that decoupling commissions would harm first-time, low-income, and minority buyers, but critics like the Consumer Federation of America say it’s based on a faulty premise. Continue reading →

More than 700 agent steering calls suggest price-fixing, lawyers charge

By | | Uncategorized
Comments Off on More than 700 agent steering calls suggest price-fixing, lawyers charge

In new court filings in the Moehrl case, lawyers singled out hundreds of phone calls — far more than previously reported — in which agents steered business away from discount brokerage REX. Continue reading →

Appeals court rejects NAR class certification challenge in lawsuit

By | | Uncategorized
Comments Off on Appeals court rejects NAR class certification challenge in lawsuit

The ruling means that Sitzer/Burnett moves forward as a multibillion-dollar class action, currently headed for trial in February 2023. Continue reading →

KW demands REX turn over audio recordings in commission suit

By | | Uncategorized
Comments Off on KW demands REX turn over audio recordings in commission suit

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 →

‘Not with a bang but a whimper’: Why REX ‘shuttering’ doesn’t really matter

By | | Uncategorized
Comments Off on ‘Not with a bang but a whimper’: Why REX ‘shuttering’ doesn’t really matter

During its tenure, REX made a lot of noise in court, but not so much in the marketplace. Now, as they appear to have bowed out of the fight, at least in part, Jay Thompson is left wondering what all of the fuss was about. Continue reading →

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

By | | Uncategorized
Comments Off on REX pivots to single-family rental market as its Hail Mary

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

By | | Uncategorized
Comments Off on Insurance agency says REX is still operating, praises tech

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 →