Rex Home Brokerage Expands on East Coast

Digital real estate brokerage Rex is expanding its service to Philadelphia, southern New Jersey and, soon, Delaware. The company, headquartered in Woodland Hills, uses artificial intelligence and data analysis to accurately price homes and connect compatible buyers and sellers. The company charges a fixed 2 percent commission on transactions. In 2018, Rex increased its home listings by 300 percent. In January, the company announced it raised $45 million in a Series C funding round from individual investors, bringing its investment total to more than $70 million. The company has been active in the New York metro area since September 2018 but is expanding to other East Coast markets in time for the spring home sales season. Rex now operates in California, Colorado, Florida, New Jersey, New York, Oregon, Pennsylvania and Texas.