This is what happens when our industry leaders are asleep at the wheel – others keep jumping in to get their piece of the action. These guys seem like just another agent-rating website, but they are a real estate brokerage too – and will co-list the property with the agent you select:
Launched in May 2013, Agent Ace uses patented technology to analyze a user’s location, home type and price range based on based home sales data to recommend the “single best agent for your needs — based on facts,” according to its website.
After a consumer asks to work with a recommended agent, Agent Ace offers the consumer’s business to the agent – usually by proposing to co-list or co-represent with the agent, but also sometimes through a referral agreement — in exchange for a slice of the agent’s commission if the match results in a sale.
The service doesn’t reveal the identity of an agent to a consumer until an agent has given express written permission for it to do so, Fawaz told Inman News.
The startup uses its status as a broker to acquire listings data and agent performance statistics from multiple listing services. It is licensed as a real estate brokerage in 43 states, has done several hundred transactions in the last few months, and has joined 140 MLSs, with that number “increasing every week,” Fawaz said.
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