As iBuyers Fade, Real Estate Agents Rethink Partnerships with Cash-Offer Kings
IBuyers like Opendoor and Offerpad once appeared poised to be an essential player. Now, agents say their role has diminished dramatically.
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IBuyers like Opendoor and Offerpad once appeared poised to be an essential player. Now, agents say their role has diminished dramatically.
With the implosion of Zillow Offers in October, all eyes will be on Opendoor and Offerpad as they duke it out for iBuyer marketshare in 2022. Here are the biggest challenges Offerpad faces next year.
Agents working with Opendoor can start seeing more money in their pockets. The country’s largest iBuyer just launched a new program that offers agents additional commissions when they refer transactions to the platform, Opendoor announced Thursday. Opendoor Agent Access gives agents exclusive training and content to help them expand their business, according to a blog post by William Holmes, general manager of agent growth at Opendoor. It also comes with monetary perks. On top of the commissions agents receive from their clients, they can also receive a 1 percent commission fee for represen...