Tag Archives: rex

Appeals court rejects NAR class certification challenge in lawsuit

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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

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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 →

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

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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

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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

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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 →

REX hires lawyer-to-the-stars David Boies to carry on battle with Zillow

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Boies, who has represented Al Gore, Harvey Weinstein and failed medical startup Theranos, told Inman he took the case because it’s “important to enhancing competition in housing markets.” 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 →

Demise of discount brokerage REX may be imminent, reports indicate

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REX General Counsel Michael Toth did not directly confirm REX was closing, but blamed NAR and Zillow for the death of its business model and said its suit against both would continue. Continue reading →

NAR heads into midyear gathering while under siege on multiple fronts

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The National Association of Realtors, which boasts 1.5 million members, will tackle real estate’s hottest topics a week after suffering a series of legal setbacks in court. Here’s a breakdown of the agenda. Continue reading →

‘Writing is on the wall’: Court tosses NAR counterclaim against REX

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Judge finds the National Association of Realtors failed to allege facts to show how the discount brokerage specifically harmed the trade group’s reputation with its own members and consumers. Continue reading →