Discount brokerage REX filed its antitrust lawsuit in March. But in a new filing, Zillow calls REX’s claims “self serving” and without merit. Source: Inman…
Posts published in “rex”
The well-connected discount brokerage is trying to raise more funding and grow its business as it takes on industry behemoths NAR and Zillow. Source: Inman…
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. Source:…
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…
The trade group’s president accuses commission detractors of duplicity “for a payout” under the guise of protecting consumers. Source: Inman News
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…
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…
REX alleges Zillow’s shift to IDX feed is “driving consumers away from REX.” Source: Inman News
The brokerage is suing Oregon officials, including Gov. Kate Brown, for “antitrust” practices, alleging a law that bans brokerages from providing rebates harms consumers. Source:…
Transparency around commissions could force more brokerages to compete on price in addition to service, chief executives at several low-fee brokerages told Inman on Friday. …