REX

A U.S. District Court judge denied motions by the National Association of Realtors (NAR) and Zillow to dismiss an antitrust challenge from the real-estate tech company Real Estate Exchange (REX), saying that REX provided sufficient evidence that NAR and Zillow conspired to restrain trade and to harm consumers. REX sued on the grounds that a NAR segregation rule— a rule followed by Zillow that separates new technology listings on its site from traditional broker listings in a different tab, titled “Other Listings”– violates antitrust and consumer protection laws. They argued the policy privileges traditional broker models that include 5-6% commission fees for buyers. REX said the “Other Listings” tab was a “recessed, obscured, and deceptive tab that consumers do not…