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Rainmaker
583,781
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Lawsuits are popping up everywhere. We have a lot of lawyers looking for billable hours.

Jan 28, 2022 10:02 AM
Rainmaker
935,743
Peter Mohylsky. BRIX REALTY
Miramar Beach, Florida - Santa Rosa Beach, FL
BRIX REALTY -DESTIN

No thoughts.  this too shall pass.  Mother bear eating it's young.

Jan 28, 2022 09:57 AM
Rainmaker
1,021,753
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

AND they are using OUR  dues money to do so!

Jan 28, 2022 10:56 AM
Ambassador
2,716,299
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

It appears that someone got dirt in their eyes from aggressive play in the sandbox. Oof!

Jan 28, 2022 10:10 AM
Rainmaker
474,964
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

I hate to admit it, but I do not even know what REX is.  Is it related to a T-REX?

Jan 28, 2022 11:08 AM
Ambassador
3,118,762
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I do not, Gary.  

What are your thoughts on the subject matter?

Jan 28, 2022 11:01 AM
Rainmaker
551,617
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

And this is a surprise?  Everyone is sue-happy these days! The lawyers love all the money they are making. And so, the world turns.

Jan 28, 2022 10:08 AM
Rainer
341,975
Caroline Gerardo
Sun West Mortgage Corporation - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

oh boy

Yes I have opinions on this.

Most of you want Z in an abyss.

Fintech, Tech in general, and Pete are going to win.

It is just a matter of what date, the cost, and when.

 

Jan 28, 2022 09:53 AM
Ambassador
3,059,458
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

not my monkeys, not my circus

Jan 28, 2022 11:13 AM
Ambassador
3,350,396
Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Jan 28, 2022 02:18 PM
Rainmaker
1,412,784
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

NAR is alleging that REX falsely advertises to consumers by promising more money by not using the MLS and that their technology will find the perfect buyer.  The suit alleges some other things as well.

Interesting read.  Will be interesting to see what (if any) impact this will have on non-Realtor brokerages.

Jan 28, 2022 02:09 PM
Rainmaker
4,331,181
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I've read some about this but haven't formed a real opinion as yet. Not familiar enough with REX to determine if NAR has a point here... maybe I'll get a chance one day to read up on REX and form more of an opinion.

Jan 28, 2022 12:23 PM
Rainmaker
976,207
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

More than one can play the lawsuit game.

Jan 28, 2022 04:18 PM
Rainmaker
675,635
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I would hope that the NAR will act in the best interest of us members.

Jan 28, 2022 12:19 PM
Rainmaker
6,851,533
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

One of the benefits of retirement is that I no longer pay NAR dues or worry about how they waste the funds.

Jan 29, 2022 05:45 AM
Ambassador
5,607,600
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I saw the announcement, did not think it worth my time or energy to read it as everything they do is far out of my control.

Jan 29, 2022 02:27 AM
Rainmaker
2,668,593
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

NAR doing anything is suspect...

Jan 28, 2022 11:57 AM
Rainmaker
1,748,248
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

huh .... NAR doing a favor & taking the lead on a simultaneous suit against Z.

I guess REX thought they were big enough to play on this playground. Never thought of the MLS as discriminatory at all - just the opposite. Let's all share the info.

Jan 28, 2022 11:46 AM
Rainmaker
838,252
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

We are a litigious society. Whatever happened to working things out?

Jan 28, 2022 11:40 AM
Rainmaker
923,419
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I've been laughing to myself here, as when I think of REX I think of that TV commercial for ED! LOL LOL LOL

The 2 may not be all that different . . . 

REX vs Zillow vs NAR . . . well may the highest flag fly before it hits the ground!

Jan 29, 2022 07:17 AM
Rainmaker
5,158,831
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I did read the article, and seems like everyone wants to sue in this business.

Jan 29, 2022 06:58 AM
Rainmaker
908,067
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

"“The truth is that if home buyers and sellers are deceived into avoiding multiple listing services, they will lose the services’ pro-consumer, pro-competitive benefits,” Smith said"
Seems NAR is defending the narrative, the same narrative REALTORS are thought to repeat, that only a listing in the MLS provides proper market exposure....NO EXCEPTIONS.
In essence, mother bear is protecting the monopoly and all it's union members and subordinate brokerages.
We are so comfortable with business as usual within the sandbox what is happening on the other side is beyond our prevue.
Change is coming.
NAR has to go or change DRAMATICLY.
Too much relinquishing of power involved for NAR to go quietly.
When an independent broker advertises dramatic saving by paying NO PROFESSIONAL fees but adds a $20,000 service in the contract should AGENTS expose the practice in all their SM venues or abide by the sandbox rules and wait for mother bear to sue?
Change is coming and momma bear feels she cannot dance to the new song so let's ban dancing. What momma bear should have been doing 10 years ago is reconfiguring for block chain, smart forms and anonymous buying and selling. This is the pattern of how monopolies are broken. They become more preoccupied with preservation and stop innovating.

Jan 29, 2022 06:54 AM
Rainmaker
783,980
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

I read the article and will see what comes of it. The Real Estate waters are being diluted for sure. People don't know where to look or what is best.

Jan 29, 2022 12:45 PM
Rainmaker
5,763,944
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Gary,

No thoughts at all...A

Jan 29, 2022 10:19 AM
Rainmaker
2,044,170
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

What team does Rex play for ?

Jan 29, 2022 06:17 PM