REX's Business Model Is Tested and Working Well, CEO Says

The video discusses a real estate business that has been operational for three years, listing and selling over a billion dollars in homes. It highlights the benefits of using technology and big data in real estate, such as reducing costs and improving efficiency. The company is expanding rapidly, listing 5 to 10 homes daily and planning to launch in 12 cities. The discussion also covers market trends, pricing strategies, and the positive impact of technology on reducing transaction times and risks.

What is one of the main benefits for consumers when AI and big data are applied to the real estate industry?

• Increased paperwork

• More open house visits

• Higher transaction fees

• Faster and smoother transactions

How many homes is the company currently listing per day?

• 5 to 10 homes

• 1 to 2 homes

• 20 to 30 homes

• 50 to 60 homes

What is the expected impact of reduced transaction fees on the real estate market?

• Decrease in market value

• Market value becomes unpredictable

• No change in market value

• Increase in market value

How does the company aim to reduce the risk associated with market volatility?

• By shortening the transaction time

• By using traditional methods

• By increasing the time exposed to the market

• By ignoring market trends

What additional services does the company offer to make the home buying process more convenient?

• Open house tours

• Real estate photography

• Only home listings

• Mortgage, insurance, and escrow services