REX Homes Launches Services in Sacramento
WOODLAND HILLS, Calif.--(BUSINESS WIRE)--Jan 18, 2019--REX, the most effective and least expensive way to buy and sell a home, announced today it is open for business in Sacramento. REX is the first licensed residential real estate brokerage to successfully circumvent the antiquated MLS real estate agent model by using AI and big data to provide home buyers and sellers a dramatically better outcome at lower fees.
“Sacramento is the natural next step for REX in California after successful launches in Southern California and the Bay Area,” said Jack Ryan, co-founder and CEO of REX. “It is the fastest growing big city in the state and an increasingly attractive one, given the affordability of housing.”
On the sale of a home, REX charges a two percent total fee for its exceptional service compared to the traditional agent commission of six percent.
On the purchase of a non-REX home, REX gives a rebate of half of the buyer agent commission, saving buyers thousands of dollars. REX also offers a 30-day money back guarantee to provide customers peace of mind.
REX is able to offer low fees by using data modeling and machine learning to match sellers and buyers of homes as accurately and speedily as possible on Zillow, Google, Facebook and more.
Unlike traditional brokers, REX licensed agents are salaried and incentivized to satisfy customers rather than to just close transactions in pursuit of a fast commission. Uniquely, REX also simplifies the home transaction process by offering its customers escrow, mortgage and insurance services.
Over the last year, REX has expanded to Colorado, Texas, the Bay Area and New Jersey from its roots in Southern California and New York. In 2018, the company increased listings by 300 percent year-on-year, representing homes cumulatively valued at over $1 billion and in the process, saved customers over $12 million in fees they otherwise would have paid traditional brokers.
REX is backed by a who’s who of American business investors including Scott McNealy, co-founder and former CEO of Sun Microsystems, Dick Schulze, founder of Best Buy, Gordon Segal, founder of Crate and Barrel, Amit Singhal, former SVP of search at Google, Diana Nelson, chair of Carlson, Jack Greenberg, former CEO of McDonald’s and Muneer Satter, chairman of Satter Investment Management.
To list a home with REX, visit: rexhomes.com.
REX is the first licensed residential real estate brokerage that uses AI and big data to circumvent the antiquated MLS listing model to provide dramatically better outcomes and experiences for both buyers and sellers at dramatically lower costs. To find out more about how REX saves consumers money and hassles in what’s typically the most stressful transaction of their lives, visit rexhomes.com and follow REX on Twitter @rex_change, Facebook, or Instagram.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190118005084/en/
CONTACT: Trish McCall
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: WOMEN TECHNOLOGY INTERNET SOFTWARE CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE OTHER CONSTRUCTION & PROPERTY CONSUMER FAMILY MEN
Copyright Business Wire 2019.
PUB: 01/18/2019 08:30 AM/DISC: 01/18/2019 08:30 AM