Real estate commissions are inflated by as much as $50 billion per year due to the lack of price competition created by having listing brokers set co-op fees for buyer brokers, according to the report in the Berkeley Business Law Journal. Continue reading
REX alleges Zillow’s shift to IDX feed is “driving consumers away from REX.” Continue reading
Companies both old and new are racing to build platforms that handle more of the real estate transaction. Agents will have to adapt to survive. Continue reading
REX, a real estate brokerage that pays agents salaries and charges only 2 percent for listing commissions, has raised $40 million in a C1 funding round, putting it over the $115 million mark in total. Continue reading
Redfin Direct, Homeward and Brix Real Estate are among those honored at Inman Connect Las Vegas. Continue reading
Redfin Direct, Homeward and Brix Real Estate are among those honored at Inman Connect Las Vegas. Continue reading
REX, a well-funded brokerage out to bypass the MLS, announced on Wednesday expansions into the Boston, Chicago, Phoenix and Washington, D.C. metro areas. Continue reading
Fresh off a $45 million funding round, rabble-rousing discount brokerage REX is expanding to the Philadelphia area, the company announced this week. Continue reading
The National Association of Realtors and real estate tech startup REX are duking it out over the value of Realtors in the pages of the Wall Street Journal. Continue reading
REX, a tech startup that relies on artificial intelligence, has raised $45 million with an eye toward expanding into new markets. Continue reading