Real estate giants Zillow and the National Association of Realtors are attempting to get an antitrust lawsuit filed by REX Real Estate tossed, hitting back against the discount brokerage’s allegations that it is the target of an illegal boycott. … Continue reading
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
Compass versus Realogy. Keller Williams versus eXp. REX versus everyone. The real estate industry is full of big names and big feuds, and Inman’s unpacking all of them. Continue reading
Lawsuits alleging that NAR rules regarding multiple listing services prop up commissions that inflate buyer and seller costs keep proliferating. Continue reading
Discount brokerage REX filed its antitrust lawsuit in March. But in a new filing, Zillow calls REX’s claims “self serving” and without merit. Continue reading
The well-connected discount brokerage is trying to raise more funding and grow its business as it takes on industry behemoths NAR and Zillow. Continue reading
Rules regarding public display of buyer broker commissions and lockbox access for non-Realtors were originally slated to take effect by the end of March. Continue reading
One agent told the discount brokerage: “I won’t bother to show [the listing]. Who’s your local agent though because I’ll make sure to tell people not to work with them.” Continue reading
The trade group’s president accuses commission detractors of duplicity “for a payout” under the guise of protecting consumers. Continue reading
The Consumer Federation of America and the Oregon State Public Interest Research Group argue that prohibiting rebates to buyers and sellers stifles commission competition and harms consumers. Continue reading