REX takes new jab at NAR in blistering ‘cartel economics’ attack

REX Real Estate, a discount brokerage which operates outside the MLS, has publicly applauded the U.S. Department of Justice’s decision to back out of its antitrust settlement with NAR after NAR recently petitioned to have the DOJ uphold the settlement. REX, itself, filed an antitrust lawsuit against NAR and Zillow in March. NAR continues to face significant pressure, from the government in the DOJ, REX and several homeseller lawsuits. These developments will keep the association’s hands full over the next months and years, and they may impact some long-standing industry practices and rules.