Rex Real Estate- Offering Digital Alternatives to Traditional Real Estate Agents

Finding Genius Podcast

Richard Jacobs

Medicine, Health & Fitness

4.4 • 1K Ratings

🗓️ 4 August 2017

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

The idea of buying or selling a home can be daunting, and the process itself can be a significant expenditure of time and money. But more and more people are learning that there's absolutely no reason it has to be this way. "We do everything an agent would do, but we do it with data; we use deep learning, artificial intelligence and big data to find buyers and sellers," says Jack Ryan, CEO of REX Real Estate. By applying digital solutions to the world of real estate, Ryan has found a way of avoiding intermediaries and going straight to the consumer source. As a result, REX Real Estate sells homes about 25-30% faster than traditional real estate agents, and they do so for just a third of the fee. But the benefits that REX Real Estate offer extend even beyond efficiency and affordability, so hit play to hear more.
Ryan also discusses:

REX Real Estate's use of in-home robots programmed to answer-with almost 100% accuracy- any variant of the 75 most commonly asked questions by potential buyers
The details of how his company uses technology to identify likely buyers and sellers, including the digital analysis of longitudinal and latitudinal changes in consumer behavior
How big data is being utilized to monitor conversion rates and provide real-time demand metrics on consumers' homes

Transcript

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0:00.0	The Bitcoin, Ethereum, and Blockchain Superconference is coming to Dallas, Texas, February 16, 17, and 18 in 2018.
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0:44.3	That's Bitcoinsuperconference.com.
0:48.8	Welcome to Almost Here, Around the Corner of Future future technology podcasts with Richard Jacobs.
0:55.3	Future technologies, ways to transform our lives for better or worse,
0:59.1	for the focus of this podcast.
1:01.0	Almost here means these technologies are now here and starting to be used, or just around
1:06.1	the corner, from Bitcoin to artificial intelligence, 3D printing, blockchain, virtual reality, and more.
1:13.3	And this is Richard Jacobs with Future Tech Podcasts. My guest today is Jack Ryan, CEO of Rex Real Estate.
1:20.9	Jack, how you doing?
1:22.3	Great, glad to be here. Thanks, Richard. Thanks for having me on.
1:25.6	Yeah, would you let listeners know? What does Rex do?
1:28.4	When a single sentence, Rex is the digital alternative to the residential real estate agent.
1:33.3	Basically, we do everything an agent would do, but we do with data. So that's basically
1:37.5	we do, and we just use deep learning, artificial intelligence, and big data to find buyers and sellers and sell homes for 2%, not 6%.
1:47.6	So are people hiring you as their agent, either they're buying or selling agent, or what's
1:52.8	your role in a transaction?
	...

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