SOTM: Discount Brokerage REX Raises $45M and Replaces Lead-Gen with Opcity

March 27, 2019

Discount brokerage REX raised an additional $45 million in funding – money they may use to fuel further expansion efforts. With REX’s flat 2 percent fee, this could be bad news for agents who rely on traditional co-op splits. Listen to today’s State of the Market podcast and learn what REX’s success might mean for you. Plus, hear about’s decision to replace its lead-gen with Opcity in select markets, why Remine laid off two-thirds of its sales staff, and more!

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Listen to today’s show and learn:

  • Discount brokerage REX raises additional $45 million in funding [4:08]
  • Why buyer-broker agreements are important [8:18]
  • Why Kevin isn’t worried about REX [14:48]
  • Remine lays off two-thirds of its sales staff [20:19]
  • replaces its lead-gen with Opcity in select markets [27:16]
  • Why agents should never have only one source of leads [34:01]
  • How’s potential switch to Opcity could hurt teams [36:14]
  • How to break through your goals.
  • Plus so much more.

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