Andrea V. Brambila

REX, which offers buyers commission rebates, filed suit against Oregon officials in December 2020. Discount brokerage REX Real Estate has dropped its appeal seeking to stop Oregon officials from enforcing a state anti-rebate law. The decision comes amid reports that the brokerage appears to be shutting down its operations. Michael Toth REX General Counsel Michael

In what may be its starkest language to date, the National Association of Realtors says it considers emerging real estate brands, including its own members, as its competition. When the trade group passed a $10 increase in the annual bill for its consumer advertising campaign on Friday, the argument for the fee hike from $35

REX General Counsel Michael Toth did not directly confirm REX was closing, but blamed NAR and Zillow for the death of its business model and said its suit against both would continue. Industry flamethrower REX Real Estate may be closing shop. The discount brokerage appears to be shutting down its operations, according to reports from

U.S. Realtors have raised more than $120,000 to support relief efforts in Ukraine and its surrounding areas as the Russian invasion of the country rages on. The trade group’s for-profit venture capital subsidiary, Second Century Ventures, has donated $50,000 to its international partners for refugee assistance, NAR President Leslie Rouda Smith announced on Friday at

There’s nothing like a price jump to get agents and brokers thinking about the value of a product. Since the National Association of Realtors passed a $10 increase in their annual bill for the trade group’s consumer advertising campaign on Friday, its members have been sounding off in varied comments that indicate the decision has

The trade group’s special assessment for its “That’s Who We R” campaign will rise to $45 annually in 2023, in addition to NAR’s membership dues, which the board voted Friday to keep at $150. The 1.5 million members of the National Association of Realtors will see a $10 increase in their yearly bill from the

A presidential advisory group of Realtors and staff will probe the impact of digital money in the real estate industry, with a potential eye toward completely digitizing the transaction process. The president of the National Association of Realtors has marshaled a group of staffers and members to explore how cryptocurrency could affect real estate. Leslie

Lawrence Yun predicted this year’s housing market will see declining sales, rising home prices and an American dream increasingly out of reach. At the National Association of Realtors’ midyear conference this week, several association executives said they would set their budgets once they heard the latest forecast from Lawrence Yun, NAR’s chief economist. Yun, who

MLSs will have six more months to implement the policy as well as a single data feed policy, NAR’s director of engagement told the Multiple Listing Issues and Policies Committee Wednesday. Realtor-affiliated multiple listing services are getting another six months to deploy listing broker attribution and aggregated data feed policies passed in November. At the

The 1.5 million-member National Association of Realtors invited two Washington D.C. journalists to its midyear conference Tuesday morning to answer members’ most burning political questions. Anna Palmer and Jake Sherman, co-founders of Punchbowl News — named after the U.S. Secret Service’s nickname for the Capitol — spoke during the general session of the Realtors Legislative