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News & Press: Industry News

Tech Real Estate Brokerage Raises $$

Tuesday, February 19, 2019  
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REX, a real estate brokerage focusing on using a technology platform to provide a digital alternative in the home sale process, recently raised another $15 million in funding to use for expansion. REX first launched in Southern California, has expanded to Northern California, and is now operating in six states, including New York. REX is a brokerage, but does not use the MLS and charges a 2% fee. Overall the company has raised over $75 million with well-known tech investors participating in early funding. The REX website claims that by using the latest in AI and big data, REX is able to price homes more accurately to target them to qualified buyers instantly on Zillow, Google, Facebook, Trulia and more.

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