In 2021, discount brokerage REX Real Estate released audio recordings of buyer agents nationwide who refused to show REX listings once they found out the brokerage didn’t routinely offer buyer-broker commissions.
Now, the sellers of one of those listings have filed suit. On Oct. 12, Jon and Cassi Anderson filed a complaint in the U.S. District Court for the District of Colorado against The Platinum Group; Kelly Connor Young, a 25-year agent with The Platinum Group; and REX itself, alleging violations of state and federal antitrust laws.
REX, which touted itself as a disrupter and champion for consumers when it launched in 2015, purported to save buyers and sellers thousands of dollars by not participating in the traditional commission structure. The brokerage shunned NAR and its affiliated multiple listing services, which, at the time, required listing brokers to offer a buyer agent commission…