Zillow Accuser REX May Be Forced to Join MLS After All Amid Staff Cutbacks

October 13, 2021
Share this Post: 

Austin, Texas-based discount brokerage firm REX has announced that it is looking into joining the Multiple Listing Service system after it was forced into a second round of staff layoffs in two months.

REX is currently suing the National Association of Realtors and Zillow for what it feels is an unfair and exclusionary rule which states that MLS participants, including Zillow, must show listings from non-MLS members on a separate section of their websites.

As a discount brokerage that has relied heavily on the claim that American consumers pay too much in broker fees, REX has, until now, steadfastly refused to become a member of the MLS. Its lack of an MLS membership has seen its listings relegated to Zillow's 'Other Listings' tab which sees far fewer consumers eyeballs.

Zillow'S Other Listings Tab

 

Now it seems that the PR battle and money spent on lawyers may have all been for nothing as according to realtor magazine The American Genius, REX's President and COO Lynley Sides said on a company call that REX would be looking to join several MLSs. An odd move given that a judge has already rebuked REX for referring to commission structures around the MLS system as a "cartel".

The news of REX's plans to join the MLS come as the discount brokerage was forced to lay off a reported 34 employees and shut down operations in some key markets. This comes on top of layoffs in August which saw 60 staff members lose their jobs without compensation.

The company, which is led by former Republican Senatorial candidate jack Ryan, has received several rounds of private equity funding and upon announcing the August round of job losses was able to make public its latest Series D funding round.

Whether the latest news impacts the still ongoing court case against Zillow and the NAR remains to be seen.

October 13, 2021
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Rightmove And Zoopla Hmrc
Tax Man Using Rightmove and Zoopla to Spot Fraud

British accounting firm UHY Hacker Young claims to have found evidence that the UK tax authorities are using information displayed...

Read More
Onthemarket Increase Agents 1
OnTheMarket Reports Very Healthy HY21 As More Agents Move to Paid Listings Packages

British majority agent-owned property portal OnTheMarket has reported strong results for the first half of its financial year to follow...

Read More
Zap Reputation In The Mud
Scandal in Brazil! 'Back-Stabbing', 'Misaligned Communication' and Damage Limitation as ZAP Makes a Huge Mistake

Scandal has engulfed the largest real estate portal company in Brazil after an ill-advised attempt at disintermediation lead to damage...

Read More
Zoopla Accounts
Zoopla's Results Show Profit Down 71% As Pandemic Discounts Hit Bottom Line

British #2 property portal Zoopla has released its accounts for the period from September 2019 to December 2020. The report...

Read More