Pros
Company meetings are entertaining to listen to. A bunch of leaders that don't know anything about real estate or technology... always fun to hear what "pump up message" they have to say.
Cons
REX thinks they are revolutionizing the real estate industry, but they aren't. Their big thing is not listing homes on the MLS and clients dont need to pay a buyers agent commission. If this was true, that would be nice, but it isnt. Almost every transaction either ends up getting listed on the MLS because REX cant sell a home without it, or the offer that comes in comes from an agent, and a buyer's agent commission gets paid anyway. It is very rare they find a direct buyer and are able to eliminate that buyers agent commission. So basically, they expect you to lie to potential clients to get their business, and as a result: 1. Clients homes sell for less 2. Clients homes take longer sell 3. In the end, Clients pay the same, if not more, than they would if they sold their home with a real brokerage. As a conclusion, REX's business model doesnt work and the fact they are losing money at a disgusting rate, cant get the funding they need, and do mass layoffs is proof of that. If you are a real estate and/or technology professional, have some respect for yourself and work somewhere else.
