In this episode of Real Talk, I speak with Jack Ryan, CEO of Rex Homes. We discuss:
* Jack’s views on how the Residential Brokerage Industry is a bigger cartel than OPEC
* Current status of antitrust litigation concerning residential brokerage commissions
* Jack’s book – “Bringing Adam Smith Into the American Home: A Case Against Home Ownership"
Learn more about Jack Ryan:
* Connect with Jack on LinkedIn: https://www.linkedin.com/in/jack-ryan-25b918160/
* Check out Jack’s book: https://www.simonandschuster.com/books/Bringing-Adam-Smith-into-the-American-Home/Jack-Ryan/9798888451946
* Visit Rex Homes’ website: https://www.rexhomes.com/
Key moments:
0:31 - Intro
3:10 – About REX Homes
6:12 – The status of residential commission litigation
9:32 – Illegal tying agreements and buy side fees
15:31 – Benefits of REX Homes and how they different from others in the industry
20:26 - Residential Brokerage Industry as a cartel
21:36 – Next steps for REX Homes and its litigation with Zillow
27:21 – About Jack Ryan’s book, “Bringing Adam Smith Into the American Home: A Case Against Home Ownership"
32:56 – Jack’s career transition from finance to real estate
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In each episode of Real Talk: Real Estate Discussions, Andrew Kirsh interviews industry leaders to learn their real-time opinions on today's market, their background and unique career highlights, and guidance for newcomers to the industry.
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Andrew Kirsh is a founding partner of Sklar Kirsh LLP and is the Chair of the firm’s Real Estate Department. Sklar Kirsh LLP is a boutique law firm providing services in corporate law, real estate, entertainment, bankruptcy, and litigation.
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