REX is a fast-growing, full-service residential broker that offers a more effective and less expensive way to buy and sell homes using big data and AI.
REX offers buyers and sellers a less expensive, more effective and far easier way to conduct the most important transaction of their lives.
REX was founded in 2014 by Jack Ryan, & Lynley Sides. The company is headquartered in Austin, Texas, with an office in Woodland Hills, California. The company currently operates 23 cities in 17 states.
REX makes home buying and selling simpler by offering escrow, titling, mortgage and insurance, all in one place and at competitive rates. The company is leading the transformation of an industry that remains stuck in the past and doesn't provide the value for money that consumers expect.
REX is the first licensed residential real estate brokerage that uses AI and big data to push past the outmoded business practices of traditional realtors by providing better outcomes and experiences for both buyers and sellers at a dramatically lower cost.
REX uses data science, machine learning and artificial intelligence to to price homes more accurately than traditional brokerages; then, target them to qualified buyers through Zillow, Google, Facebook, Trulia and more. The company has represented homes cumulatively valued at over $2 billion and in the process has saved customers over $16 million in fees they would have otherwise paid to traditional brokers.
REX is backed by Amit Singhal, Richard M. Schulze, Gordon Segal and others. The company raised $40M in a Series C1 round on Nov 19, 2019. This brings REX's total funding to $115M to date.