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Austin, Texas, Real Estate Agent's Lawsuit Delays Enforcement of State Rule.
Byline: Claudia Grisales
Nov. 26--An Austin real estate agent has temporarily stopped a state agency from enforcing a new rule that he says could cut discount brokers out of home sales in favor of full-service brokers, who charge a more expensive 6 percent commission.
Aaron Farmer, who runs Austin-based Texas Discount Realty, sued the Texas Real Estate Commission on Monday, claiming that the state agency overstepped its bounds when it passed a rule this month that requires all brokers to be involved in contract negotiations regarding home sales. The rule was set to take effect today.
Farmer's company and other discount brokers put up homes for sale …
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