90K eXp Realty Agents Can Now Provide an Opendoor Cash Offer for Listing Clients

For many homeowners interested in selling their house today, one big obstacle is the lack of security around an outcome. Mortgage interest rates are high, inflation has run rampant for a couple of years, and those who might be considering selling their largest asset are concerned that it would be better to wait a year or two because there's no guarantee they'll get the price they want (or need).

A new collaboration between Opendoor and eXp Realty will provide eXp agents with the ability to share a cash offer on certain properties with the potential seller, helping them make the transaction decision that makes the most sense for them, financially and time-wise. Read on for the full news release.

Opendoor and eXp Realty announced a partnership to provide greater certainty for the millions of people who move every year. With this partnership, Opendoor will provide an integrated API tool and be the primary cash offer solution powering eXp's ExpressOffers platform. eXp Realty's nearly 90,000 agents will be able to request a cash offer on qualifying properties on behalf of their clients directly within their eXp dashboard, and present the Opendoor offer alongside the option of listing the client's home on the market.

Across the U.S. today, the vast majority of home sellers continue to face a complex real estate transaction process. This partnership demonstrates Opendoor and eXp Realty's commitment to providing their customers with innovative options and peace of mind when making one of life's biggest decisions.

"Empowering the nearly 90,000 trusted eXp Realty agents at America's largest independent brokerage with on-demand, integrated access to an Opendoor cash offer will empower their millions of clients," said Nick Boniakowski, Head of Agents Partnerships at Opendoor and a third generation broker. "This partnership gives sellers a simple and certain option, supported by their eXp Realty agent and backed by an Opendoor cash offer. It's also the first step of a broader relationship that gives us a trusted partner for future opportunities to better serve our customers."

"This is a huge win for our agents and their clients," said Leo Pareja, eXp Realty Chief Strategy Officer. "Our focus is always squarely on our agents and making it easier for them to drive their business forward. The ability to offer their clients this seamless solution quickly and easily is a significant differentiator."

"As a tenured eXp agent who has worked with Opendoor for years, I'm confident this partnership is going to be a game-changer for my fellow eXp agents and all of our clients," adds eXp Realty agent Kendall Bonner. "Being able to work within eXp's existing platform to bring that cash offer solution to all home sellers at the outset puts us in a new category entirely."

In addition to on-demand cash offers from Opendoor, eXp Realty agents will have access to the Opendoor for Agents rewards programs, including the opportunity 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 and eXp Realty aim to launch this new product experience in the coming months with the goal of serving customers nationwide.