What Kind of Services Rex Real Estate in Providing?
If you are searching for discount brokerage services, you might go through one of the discount brokerage companies known as Rex real estate. Different brokerage framework that has other business models.
Rex real estate brokerage company claimed that they are offering the best discount rates to sellers by saving buyer's agent commission fees that in the beginning seems a way exciting. Still, it has some ifs and don't that you better need to considerate.
Today we will discuss all important points related to Rex real estate that what kind of business model they are working on. Also, we will discuss the working of this real estate brokerage company along with Rex real estate reviews.
To understand the working of Rx real estate, you need to understand in detail about brokerage firms and what kind of services they are providing.
What is Mean by Discount Brokerage Services?
The real estate commission is often based on a special rate of 6% of the listing, which means the commission fees will be partially divided into the seller's agent and buyer's agent. At this point, the discount brokerage services are implemented, and it gives a bit of relaxation to the sellers. It offers the same services as a traditional agent but providing a discount commission rate.
How does Rex Work?
Rex is a real estate company that provides discount brokerage services to the seller's agent commission rate. They try to discriminate or cancel the buyer's agent commission rate and target those buyers that have a strong advertisement on the big websites such as Zillow, Trulia, houzeo, and others.
They have no concept of listing their properties on MLS. REX Real Estate claims that they save thousands of dollars for the sellers, but in some cases, it works, and in some cases, it doesn't.
If you are listing as a seller and hiring services from Rex, you will probably pay 2.5% as a listing fee to the employers. In simple words, you will collaborate with the Rex employees. The main goal of Rex is to connect you with those buyers that have no buyer agent or that have not listed buying requests instead have a strong advertisement. And it's the strange bet factor because there are 90% of the people who prefer such listing that is listed on MLS portal even the agents will don't show interest in such properties that are not listed on MLS portal in that case the Rex is neglecting 90% of the approach to reach the potential buyers for the listing.
Now the main question that jumps into your mind is that how there are chances that the REX Home's targeted model advertising miss’s buyer commission? and if you have not closed the deal in the limited period, then Rex will ask you to pay the additional seller's fee to the agent to continue the process that is quite frustrating.
The CEO of Rex real estate discount brokerage services has dealt with the significant business model flaws that they need to resolve as such as possible. Otherwise, there will be a loss that they have to face all alone.