The discount brokerage is now a member of six multiple listing services, but says it's still avoiding 'traditional' agent fees by offering a low cooperating commission when it submits listings.
The National Association of Realtors® (NAR) filed a counterclaim on Jan. 28 against REX-Real Estate Exchange Inc., alleging that the Texas-based real estate startup has been deceiving consumers with false advertisements and misleading statements about its services.
The National Association of Realtors has counter-sued REX-Real Estate Exchange Inc., claiming the online brokerage has made false and misleading advertisements and statements about its services to deceive consumers. NAR's lawsuit was filed as part of ongoing litigation between NAR and REX in the U.S. District Court for the Western District of Washington in Seattle. NAR is seeking monetary damages, an injunction preventing REX from continuing its false and misleading practices, and reimbursement of costs and attorneys' fees.