As NAR charts a new path and as part of our strategic efforts to continue to add and prove value to Realtors, we are transforming our events business to be a bigger and more inclusive space for industry leaders and practitioners to convene and help define the future of real estate, Nykia Wright, the CEO of NAR, said in a statement.
REX's legal saga began in March 2021, two months after Zillow began moving homes not listed on the MLS out of initial user search results and onto a second tab, in adherence with NAR's optional no-commingling rule.
We were already aware of some issues that were percolating because of Standard of Practice 10-5 and...we began the conversation about...what do we need to do in order to help solve the problem.