Continued Evidence of Realtors' Anticompetitive Behavior
REX CEO Jack Ryan says audio clips should be required listening for all American real estate consumers
In November 2020, the United States Department of Justice announced a lawsuit and simultaneous settlement with the National Association of Realtors over anticompetitive practices across the real estate brokerage industry.
At the same time, American consumers have filed multiple class action lawsuits in Federal court over costs and a lack of transparency in the industry.
Meanwhile, traditional realtors continue to shut down deals when engaging REX’s own licensed agents. Why is this problem so commonplace? Traditional realtors are incentivized to chase higher cost and hide fees from consumers.
Is it time for a change - or even an overhaul of the traditional real estate cartel forcing consumers to pay inflated fees? CEO Jack Ryan says audio clips recorded by REX’s licensed agents attempting to provide their clients with the best customer service and lowest cost on the market should be required listening for all American real estate consumers.
Listen to the clips and decide for yourself.
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