The brokerage is suing Oregon officials, including Gov. Kate Brown, for “antitrust” practices, alleging a law that bans brokerages from providing rebates harms consumers.
After taking aim at the National Association of Realtors and so-called “predatory real estate broker behavior,” real estate brokerage REX is now setting its sights on “Oregon’s real estate cartel.”
The discount brokerage announced Tuesday it was filing a lawsuit against a number of state officials and agencies — including Governor Kate Brown — for “antitrust” practices, alleging the state’s law that bans real estate brokerages from providing rebates and receiving discounted fees both harms consumers and stifles competition.
“Oregon’s rebate ban is an affront to middle- and lower-income families struggling to pull together a down payment,” Jack Ryan, the CEO and co-founder of REX, said in a statement. “As a result of the NAR’s cartel-like behavior and policies like Oregon’s