X LAB is a one-stop-shop residential real estate marketplace and platform built to serve consumers. The platform leverages the power of technology and data to provide unprecedented value to home buyers and sellers. Consumer-focused, transparent and providing a multiplier of value, X LAB has created not only
a new business model but a new normal for residential real estate transactions. The X LAB is a licensed real estate broker in California, Delaware, Florida, Georgia, Louisiana, North Carolina, Pennsylvania and Texas, with plans to be licensed in all 50 states by early 2022. Buyer incentives and other discounts are provided through partnerships with licensed lenders. The X Team has been recognized with over 300 national and local real estate marketing awards over the past 35 years. The team has represented first time home buyers, sellers developers, builders, architects, celebrities, cities, states and the federal government resulting in over $300 Billion in real estate transactions. As reported by John McManus, The Builder's Daily:
Here's how the X LAB platform bores into the 6% commission, and parses out cost savings to a buyer, a seller, and their representatives.
$0 listing fee on X MLS: consumers, homebuilders, real estate agents and developers can list properties for sale at zero cost. Seller commission halved: If home sellers list there home with X LAB, they will only pay a 1.5% seller commission versus the 3% old norm;
Buyer commission cut: Commissions paid the the Buyer’s Broker will be reduced to 2.5% versus the more traditional 3%. Buyer credit for either mortgage buy-down or home improvement: If House X Brokers represent the home buyer, the home buyer will receive 1.50% of the sales price in “Reward Dollars” to use in The Smart Home Marketplace
Net, net, buyers and sellers save 2% of costs from the transaction; and the buyer receives an additional 1.50% buyer reward; Total savings/value equals 3.5% X Sales Price of Home
