AI-powered brokerage REX expands to more markets

by Candyd Mendoza10 May 2019

REX, an artificial intelligence-powered full-service brokerage, has announced expanding to double the number of markets it serves by the end of the summer.

The brokerage said that it has opened in Boston, Chicago, Phoenix, and metro areas in Washington D.C. This followed REX’s expansion to new markets in California, Colorado, Florida, Oregon, and Pennsylvania. The company, which offers mortgage, escrow, titling, and insurance, will be serving home buyers and sellers in 20 major metro areas nationwide with its newest markets.

REX employs data science, machine learning and artificial intelligence to price homes then targets them to qualified buyers through Google, Facebook, Trulia, Zillow, and more.

“REX has firmly established the legitimacy of its innovative model, which is better, cheaper and more nimble than what is being offered by traditional realtors,” REX Co-founder and Chief Executive Officer Jack Ryan said. “By using REX to sell and buy homes, consumers are preserving their hard-earned equity like never before.”

“We are offering a complete suite of services to consumers unlike any other firm in the residential real estate industry,” said Ryan. “REX is the future of real estate and that future has already arrived.”