In a recent court ruling, Zillow and the National Association of Realtors (NAR) secured a major victory in their legal dispute against REX Real Estate, an online residential sales platform. The court declared that REX had breached their licensing agreement by failing to adhere to the industry safety standards while operating in California.
Despite the early victory, the judge made it clear that Zillow’s fight is far from over. Zillow has asked the court to impose additional remedies against REX. These remedies include the removal of REX’s online platform, which could potentially spell the end for REX. Further, Zillow has asked the court to issue a ruling requiring REX to abide by the industry standards whenever operating in California.
The most important elements of the text are:
• Zillow and NAR’s legal dispute against REX Real Estate: Zillow and the National Association of Realtors (NAR) have initiated a legal dispute against REX Real Estate, an online residential sales platform, for breaching a licensing agreement by failing to adhere to the industry safety standards while operating in California.
• Zillow Asks For Remedies: Zillow has asked the court to impose additional remedies against REX. These remedies include removal of REX’s online platform and a ruling requiring REX to abide by the industry standards when operating in California.
Both parties await the court’s decision, which will determine the future of REX Real Estate. This case is likely to set a precedent for future online commercial real estate transactions in California. This lawsuit illustrates how seriously these industry standards need to be taken and serves as a reminder of the importance of compliance with industry regulations and laws.
You can read this full article at: https://www.housingwire.com/articles/judge-in-zillow-suit-allows-rexs-false-advertising-claims-to-stand/(subscription required)
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