REX Takes Aim At Oregon's Buyer Rebate Rule -- Good News For Investors?

Deidre Woollard, The Motley Fool
·4-min read

REX, a privately-traded discount real estate brokerage, heavily promotes that it offers buyers as much as 50% of the buyer's agent commission as a closing refund. The brokerage is currently operational in 17 states, including Oregon, which it entered in 2019 by opening an office in Portland. Shortly after it launched in the state, the Oregon Real Estate Agency sent the company a letter warning it that its policies violated an existing ban on rebates for homebuyers.