REX – A Free Global Listing Network

REX – A Free Global Listing Network

I was made aware of REX this week. It’s a decentralized listing marketplace, which includes a token currency.

Why is it being created? According to them:

IT’S 2017, AND CONSUMERS HAVE SPOKEN

Traditional methods used to buy and sell real estate have failed to keep pace with public expectations and advances in technology. Participants in the property game are forced to deal with online listing services that charge excessive fees and subject visitors to intrusive advertising.

These Multiple Listing Services monopolise the market. They dictate fees and conditions. And they capture vast amounts of personal data that they commoditize to boost their profits.

BUT THAT’S ALL ABOUT TO CHANGE

Welcome to REX, a revolutionary new global listing platform where it’s free to list and search for properties. A platform where you won’t be bombarded by ads. Where you’re in control of your own data. Where transactions take days, not months. A platform that pays you to participate.

I also just watched the following explanatory video:

Sounds good, in theory.

But buyers control the online real estate landscape.

The core questions:

  • What’s the consumer win? Why would buyers ever use this website? How are they going to find it in the first place?
  • How does REX plan to get to critical mass of listings within a very specific geographic area? (since if they do not, they will never solve a buyer search scenario well)

About Drew Meyers


Founder of Geek Estate Blog. Zillow Alum. Travel addict & co-founder of Horizon. Product & Marketing for 360modern. Social entrepreneurship & microfinance advocate. Fan of Red Hot Chili Peppers and Kiva.

http://geekestateblog.com/wp-content/uploads/2017/06/rex-logo.jpg

Source link

img

HSC Management

Related posts

Email Updates Moved to MailChimp – For Good This Time

Drew MeyersFounder of Geek Estate Blog / Geek Estate Labs. Zillow Alum. Travel addict &...

Continue reading
by HSC Management

Meet the RE Tech Founder: James Call from RealtyCandy

In our latest real estate tech entrepreneur interview, we’re speaking with James Call, the...

Continue reading
by HSC Management

AirBnB Continues to Slowly Enter “Real Estate”

A few piece of news to note on the AirBnB front… Partnered on an apartment complex...

Continue reading
by HSC Management

Join The Discussion