The companies’ integrated technology will streamline the process to make Opendoor cash offers available to eXp’s tens of thousands of agents.
Category: opendoor
Robert Reffkin relinquishes stock unit awards for $7M cash bonus
An SEC filing showed the Compass CEO is letting go of $25 million in performance-based restricted stock unit awards in exchange for something a bit more tangible. His salary is also going up to $900,000.
What the biggest names in real estate really thought of 2023
Fourteen of the real estate industry’s biggest leaders shared their thoughts on rising mortgage rates, slowing sales, antitrust suits, National Association of Realtors drama, and several other headline-making stories along with their hopes for the new year.
Opendoor founder Eric Wu leaving company to focus on startups
Wu founded Opendoor in 2014 and served as the company’s chief executive officer until last year. He said in a statement that he’s leaving to focus on building new things.
Opendoor to double the number of homes it buys each month: CEO
CEO Carrie Wheeler told Intel that Opendoor wants to purchase 2,000-plus homes per month and that the company is leaning into partnerships like the ones it has with Zillow and eXp.
EXp streamlines ExpressOffers iBuyer program with Opendoor deal
Opendoor is now the primary cash offer solution behind eXp’s ExpressOffers platform. Agents will soon be able to request a cash offer on qualified properties directly through an eXp dashboard.
VC-backed Roam seeks to connect buyers to assumable mortgages
In theory, any government-backed FHA, VA and USDA loan is assumable, and with mortgage rates at levels not seen in two decades, interest in this little-used option has been growing.
Negotiating with concessions: A game-changer for agents
Watch the new Inman Access classes for strategies on how to close more deals in today’s complex market, along with how influential and persuasive communication can help grow your business.
Redfin exec: Clear Cooperation is failing to stop pocket listings
Joe Rath is Redfin’s senior director of brokerage operations and head of industry relations. He shared thoughts on Clear Cooperation ahead of his appearance at Inman Connect Las Vegas.
Offerpad scoops up more homes in Q2 as path to profitability emerges
Having unloaded almost all of its older inventory, the iBuyer ramped up home acquisitions by 131 percent, to 840 homes, in the second quarter of 2023 and expects positive adjusted earnings by year’s end.