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Display IDX is a property tech company focused on consumer search, marketing and list building. With the acquisition, e, Xp Real estate plans to launch a consumer-facing search website. EXp World Holdings, the moms and dad business of the virtual cloud brokerage e, Xp Real estate is acquiring Showcase IDX, a genuine estate tech company focused on customer search, marketing and list building.
Glenn Sanford Photo credit: e, Xp World Holdings "We're really impressed by the innovation and talent that Display IDX has put together, and we look forward to working together to broaden e, Xp's reach by developing a consumer portal for house search, market intelligence and agent marketing," Glenn Sanford, the CEO and creator of e, Xp World Holdings stated, in a declaration.
It will be completely owned by e, Xp World Holdings, however business with stay separate. EXp will continue to run the business's services for its existing consumers, which consist of a number of top brokerages. The business site possesses thousands of customers from brokerages affiliated with Keller Williams, RE/MAX, Realogy-owned brand names and others.
EXp Realty operates its brokerage on Vir, BELA too, where agents can team up, or participate in professional advancement training. Scott Lockhart Image credit: Display IDX "The Showcase group has always had a mission of assisting agents meaningfully link and engage with online customers, and signing up with the e, Xp World Holdings household will allow us to accelerate that," Lockhart stated, in a statement.
"This method puts the home buyer and seller at the heart of the process, directed by innovative cloud-based tools for agents and teams that help supply regularly extraordinary experiences at scale." For e, Xp Realty, the acquisition offers them a team with a background in building consumer-facing experiences to ultimately introduce their own.
EXp Real estate is likewise not the first company to utilize an acquisition to boost their own technology team, towards building that consumer-facing experience. Keller Williams acquired Smarter Agent, while RE/MAX got booj, to develop out their consumer-facing tools.
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