Dubbed Powered by Offerpad, the platform permits the iBuyers’s PRO and MAX agent companions to handle listings, get real-time transaction updates and immediately talk with Offerpad assist workers.
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Seven months after revamping its Agent Companion Program, Arizona-based iBuyer Offerpad has launched Powered by Offerpad, a brand new platform geared at serving to its agent companions handle their transactions shortly and seamlessly.
Brigham Weight | Credit score: LinkedIn
“Offerpad is dedicated to empowering agents by offering robust support and enhanced incentives to thrive in today’s competitive market,” Offerpad VP of Enterprise Improvement Brigham Weight stated in a ready assertion. “Through our innovative use of technology, we aim to simplify transactions and partnerships across the real estate industry.”
By way of the platform, Offerpad PRO and MAX members can view money affords, entry detailed homeseller and property data, and handle homeseller leads and referrals. The platform additionally provides members real-time updates on Offerpad listings and transactions and permits members to talk immediately with Offerpad assist workers.
“Powered by Offerpad achieves this with an intuitive dashboard, real-time information access, and straightforward tools for obtaining the answers and resources agents need,” Weight added.
Offerpad stated the launch of Powered by Offerpad comes on the heels of spectacular Agent Companion Program development through the first half of the yr. From January to June, this system accounted for 23 p.c of all Offerpad requests — a 91 p.c enhance from the primary half of 2023 (12 p.c).
Offerpad unveiled its revamped Agent Companion Program tiers, dubbed Offerpad PRO and Offerpad MAX, in January.
With Offerpad PRO, itemizing brokers can earn a 4 p.c referral charge by the “sell then list” initiative, which permits brokers to obtain a 3 p.c referral charge when their consumer sells to Offerpad and an extra 1 p.c charge by promoting the house once more on behalf of Offerpad.
The invite-only MAX tier affords the identical “sell then list” alternative; nonetheless, brokers may also buy designated zones, the place they’ll record Offerpad-owned houses and obtain unique entry to the “Start with Sold” backup money provide program for homesellers itemizing on the open market.
“Since our inception, our primary mission has been to streamline the home buying and selling journey for consumers,” Offerpad SVP of Progress Kyle Rush advised Inman in January. “This dedication is the very reason our company was founded. Sellers opting for representation by an agent can still enjoy the advantages of receiving cash offers from us, as we continue to prioritize this foundational focus.”
“Agents who partner with Offerpad can not only expect to increase their earnings substantially but also gain access to an extensive suite of tools to diversify their consumer offerings,” he added.
Offerpad teased the launch of Powered by Offerpad in its second-quarter earnings report on Tuesday, which noticed the corporate’s income decline 12 p.c from Q1. Nonetheless, Offerpad is gaining floor on slimming web losses and bolstering its gross margins and gross revenue per house, which elevated 10 p.c to $29,500.
