[Translation] What is REX? A decentralized web real estate multis listing service

What is REX?

A decentralized real estate multiple listing service for the web

REXOur mission is(Real estate) sellers, buyers, and brokers to be matched on a decentralized network. In that network, participants are rewarded for their contributions, providing motivation to build an open, universally accessible new global real estate listing database.

We will break down the highly fragmented, slow-moving industry’s barriers and develop infrastructure for a world where real estate transactions are cheaper and more efficient. To that end, we are building an open multiple listing service on Ethereum.

Multiple Listing Service

If you have bought or sold a house, you’ve likely used MLS, a Multiple Listing Service. MLS originated in the late 1800s, when real estate agents would periodically hold meetings to exchange information about properties they were trying to sell.

Since then the MLS network has grown to over 800 regional databases, and only licensed brokers or agents who pay membership fees can view or post there. Each region’s MLS has its own listings. To access each database, agents must pay fees, and those costs are ultimately passed on to buyers and sellers.