Tag Archives: rex

5 big challenges for REX Real Estate in 2021

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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 →

NAR-DOJ rule changes won’t come for months

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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 →

Listen: REX releases recordings of agent steering

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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 →

NAR claps back on commission attacks

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The trade group’s president accuses commission detractors of duplicity “for a payout” under the guise of protecting consumers. Continue reading →

Consumer groups support REX suit against anti-rebate law

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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 →

Study commissioned by REX claims commissions are deeply inflated

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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 →

End-to-end times: How the all-in-1 platform became the holy grail

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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 →

Salaried brokerage REX raises $40M in funding

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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 →

Announcing the 2019 Inman Innovator Award winners

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Redfin Direct, Homeward and Brix Real Estate are among those honored at Inman Connect Las Vegas. Continue reading →