REX Real Estate Brokerage has sued ZIllow and the National Association of Realtors. Why they sued, what they are claiming and why it's important in the real estate industry...

REX takes aim at Zillow with new lawsuit
https://www.inman.com/2021/03/09/rex-...

REX Takes On Zillow and National Association of Realtors’ Cartel In Antitrust Filing On Behalf Of American Consumers
https://blog.rexhomes.com/rex-takes-o...

1:20 - REX files anti-trust lawsuit against Zillow and NAR.
1:43 - What is REX Real Estate Brokerage?
3:05 - REX's mindset of a broken MLS
3:40 - What is the difference between a FSBO (For Sale By Owner) and REX?
5:55 - Does REX have to cooperate with other brokerages?
7:30 - Is REX brokerage a full service brokerage?
8:08 - REX is now in a sub-category of Zillow listings.
9:08 - Why should REX listings show up everywhere if they are not a member of the MLS?
10:30 - How is discount brokerage REX different than other discount brokerages like Redfin?
11:05 - Why you will have more traffic on Redfin and REX
11:25 - REX is OK with dual agency and does not view dual agency as a conflict of interest.
12:50 - REX is using a limited service brokerage to have their listings on the MLS and bypassing the MLS rules. Is this legal?
17:00 - The mandatory price you have to pay a buyer's agent if you're on the MLS
18:05 - Why doesn't REX just join the MLS and pay out $1?
19:25 - If you are a seller and you want to pay as little as possible for distribution, why wouldn't you choose Redfin instead of REX?
23:00 - Is REX trying to take advantage of the MLS without being a member of the MLS?
23:20 - The downward pressure on real estate commissions.
24:37 - Matt's prediction on buyer's commissions
25:45 - Do real estate agents make too much money?
27:15 - What happens when there is a market downturn and it becomes harder to sell?
27:45 - CEO Jack Ryan - would love to have you on the show


Connect with Shawn Battle
http://www.thebattlegroup.com
http://www.orangelinecondo.com/
  / theshawnbattle  
Business inquiries: [email protected]

Connect with Matt Leighton
http://www.themattleighton.com
   / themattleighton  
  / themattleighton  
Business inquires: [email protected]

Shawn Battle
Licensed in VA, MD and D.C.
Century 21 Redwood Realty
1934 Wilson Blvd
Arlington, VA 22201
   • REX Real Estate Brokerage Sues Zillow...