SEATTLE, Wa. (Jan. 28, 2020) – MoxiWorks, the leading real estate technology platform, and Opendoor, the online real estate marketplace that radically simplifies home buying and selling, announced today a new partnership offering brokerages and their agents a seamless integration when using the MoxiCloud suite of technology.
MoxiCloud users will now be able to present clients with automatic and immediate offer estimates from Opendoor on qualified homes within their comparative market analysis (CMA), MoxiPresent.
“MoxiPresent has already helped agents win over 10% of the listings in the US last year, and adding Opendoor’s innovative technology will make it even better,” said York Baur, CEO, MoxiWorks. “MoxiWorks is about helping agents be great, and that means serving as a trusted advisor to clients as they contemplate the sale of their home. Opendoor allows the agent to offer choice, and help the consumer choose the path that gets them the best outcome for their situation.”
MoxiPresent is an easy-to-use presentation builder that can be used to create CMAs, as well as open house presentations, neighborhood tours, relocation presentations, buyer tours, and it now includes instant offers and real-time updates on offers from agents and clients with Opendoor.
“As technology transforms how people buy and sell homes, we believe it’s also carving out an even stronger opportunity for agents to serve as true advisors to their clients,” said Tyler Hixson, Director of Real Estate Partnerships and Strategy, Opendoor. “We envision more agents incorporating iBuying into their business strategies, and empowering their clients with more certainty and choice. Our partnership with MoxiWorks is yet another way agents are able to provide home sellers with the options they need to make the best decisions for themselves and their families.”
Opendoor’s mission is to empower everyone with the freedom to move and has helped more than 65,000 customers buy, sell, or trade-in a home.
The MoxiPresent, Opendoor integration is available to brokers and agents in Sacramento, CA, Austin, TX, and Raleigh-Durham, NC with plans to expand to additional markets over time. To learn more about this integration visit moxiworks.com.
Opendoor’s mission is to empower everyone with the freedom to move. Since 2014, Opendoor has provided people across the US with a radically simple way to buy, sell or trade-in a home. Opendoor currently operates in 21 markets in the US and is headquartered in San Francisco. To learn more, visit opendoor.com.
MoxiWorks is a comprehensive open platform system for large residential real estate brokerages that serves more than 260 brokerages and 340,000 agents nationwide accounting for more than 13% of the transactions in the U.S. MoxiWorks’ customer retention over the past seven years stands proudly at 96%. Their integrated tools are centered on sphere methodology that increases agents’ repeat and referral business by 54%, while lowering overall technology, training, and support costs for the brokerage. The open platform known as the MoxiCloud has tools from more than 50 partners that integrate to create unique brokerage solutions. MoxiWorks also powers the LeadingRE Cloud. Find more information at moxiworks.com.
For more information on this topic and other press inquiries at MoxiWorks, please contact Jordan Barrish at Jordan.firstname.lastname@example.org.
For press inquiries related to Opendoor, please contact Charles Stewart at email@example.com.
By Tiana Baur, Content Marketing Manager
In their latest round of funding, OpenDoor scored $325 million in funding. Late last year, SoftBank invested $450 million into Compass. VC money is alive and well, and it’s found a home in real estate tech, pouring into the industry. And as we all saw at Inman Connect last week, the competition is as hot as five-star Thai food. It literally hurts to digest.
In a sea of change…
As all of us in the real estate world are saying, the industry is evolving quicker than most can keep up. It’s a treadmill that only seems to be getting faster and faster with no pause button in sight. What was super cool last quarter is the status quo today. There’s no room for lags and fear. What do these higher monetary stakes and complex competition mean for traditional brokerages? The value prop of your brokerage and its brand is key.
Question: Why should your agents stay at your brokerage?
Staying relevant and valuable to agents will continue to gain in difficulty. Without the money to offer six figure signing bonuses, your brokerage value proposition has to be hard as rock. If I were sitting across from you and asked, “Why do you think your agents should stay at your brokerage versus going somewhere else?” What would your answer be? Do you have a sophisticated tech stack? Do you train your agents on it or just hand it off and hope for the best? Do you continuously stay in contact with your agents or do you forget about them until they tell you they’re going to a different brokerage?
The magic of an open-door policy
There’s a top brokerage in Virginia – that will go unnamed – that is taking a very logical approach: They have an open-door policy. They’ll answer any and all questions – even about Compass. If an agent has concerns, they feel empowered enough to walk into the Managing Broker’s office and ask them, knowing they’ll get an honest answer. Because of that, their retention numbers are insane. They’ve invested in tech, and they’re investing time into their most precious asset: their people, their real estate agents.
- Don’t lose your current agents because you’re only focused on recruiting new ones.
- Don’t let any agent feel like they’re being left in the dark (including on the topic of Compass).
- Build on your existing relationships.
- Let your agents know you care and want them there.
- Implement an open-door policy if you haven’t already. It’ll be the best decision you’ve made all year.
- You can even try hanging a sign on the wall by your office, letting your agents know that they’re always welcome to come in.
- Have a proper recruiting system in place. This will focus your time on top talent inside and outside of your brokerage, making sure you’re getting the full picture and avoiding agents slipping through the cracks.
Brokerages today are worried about losing top producers, concerning themselves over the revenue and sales volume that those top producers take with them if they leave. It makes perfect sense. Losing one agent isn’t going to have a dramatic shift on market share, but it will impact a brokerage’s sales volume. This whole storm is why we created our Moxi Talent recruiting system in the first place. Too often, Managing Brokers don’t pay attention to agents until they threaten to walk. Moxi Talent helps you build relationships with the right people at the right time.