News

Realtor tapping robots, big data to cut selling costs

August 7, 2017

REX Real Estate Exchange will be deploying robots and tapping big data technology to cut home selling costs in its new Long Island, New York office location.

The quest, according to a Newsday report, is a strategy aimed at reducing real estate feels which the company's CEO believes are "just crazy high."

Rex chief Jack Ryan told Newsday his company is aiming to do with real estate what investment brokerages have done with their fee approach.