REX is a discount real estate brokerage that offers reduced price listing fees for sellers along and lower commissions to buyers. REX is owned by one corporate entity and does not operate franchises in the US. Unlike most brokerages, REX does not partner with local multiple listing services.
Buyers and sellers work with REX to buy or sell their home. REX provides the buyer or seller with an agent team who helps them with every stage of the process for buying and selling.
REX charges a 2% commission to both buyers and sellers using their service.
REX primarily generates revenue through real estate commissions from buyers and sellers paid on a successful home purchase or sale. REX also generates money through ancillary services such as mortgage, tittle, escrow, and home insurance.
REX is privately held.
REX employs agents as full-time employees. As a result, agents are paid a salary and smaller sales commission by the brokerage rather than being paid entirely based on sharing commissions via a traditional commission split.
REX employs agents as full-time employees rather than independent contractors.