Opendoor and eXp Realty Announce Partnership

October 9, 2023
Share this Post: 

American iBuyer Opendoor has announced a new partnership with eXp Realty.

In the coming months, Opendoor will be the first integrated API tool and primary cash offer solution to power eXp’s ExpressOffers platform.

The partnership will give eXp Realty’s 90,000 agents the ability to request cash offers for qualifying properties on behalf of their clients, directly from their eXp dashboard.

They will also be able to present Opendoor offers alongside the option of listing the client's home on the market—providing sellers with an option to choose how they move.

eXp's agents can also participate in the 'Opendoor for Agents' rewards program, which makes them eligible to receive a commission from Opendoor—on top of any previously negotiated client commission—for every eligible transaction that originates and closes on their portal.

Opendoor already collaborates with US portals including former iBuyer Zillow and News Corp's Move Inc subsidiary

While Zillow went through a high-profile exit from the iBuying space in November 2021, Opendoor has persevered with iBuying and has steadily widened its reach by partnering up with the likes of Redfin and Zillow itself.

But the firm felt compelled to lay off 22% of its workforce in April this year when 560 people lost their jobs as Opendoor moved to recover from losses in excess of $1.4Bn in 2022.

Opendoor is owned by real estate veteran Eric Wu, who resigned as CEO in 2022 to be replaced by then-CFO Carrie Wheeler.

October 9, 2023
Harvey is an experienced property journalist and copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has blogged for the private rented sector, ghostwritten for UK property experts and written case studies for franchise owners around the UK. Harvey joined Online Marketplaces as a News Editor in 2022.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Leboncoin Op 1
Leboncoin Faces €39 Million Digital Services Tax Bill Despite Protestations

The Adevinta-owned French horizontal marketplace Leboncoin has been told to pay a tax adjustment of €39 million according to local...

Read More
Fotocasa Madrid Buildings
Fotocasa Introduces Seal of Approval for Agents in Spain

Fotocasa has introduced a 'real estate seal of quality' for agents to show off their credentials—the first real estate portal...

Read More
Costar Group
Exclusive Interview: CoStar Boss Andy Florance Says Group Exploring Major European Acquisitions

CoStar CEO Andy Florance has revealed his intention to make a serious expansion into Europe—and hasn't limited his ambitions to...

Read More
Viewittenqs 1
Ten Questions with Farhan Junaid, Founder & CEO of ViewIt

What does "The TikTok of real estate" look like? Viewit wants to set a new standard in the portal space...

Read More

Editor's Pick