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reAlpha Launches AI-Powered Real Estate Super App™ on Tailwinds of Effectiveness of NAR Rule Changes on August 17, 2024
Recent NAR rule changes make buying a home using a traditional buyer’s agent more expensive. reAlpha brings their end-to-end commission-free homebuying
About this update from Realpha Tech Corp.
[{"type":"text","content":"Recent NAR rule changes make buying a home using a traditional buyer’s agent more expensive. reAlpha brings their end-to-end commission-free homebuying platform to mobile devices, aiming to provide an easy and affordable way to buy a home completely by phone. DUBLIN, Ohio, Aug. 20, 2024 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (Nasdaq: AIRE) (“reAlpha”), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, announces today the launch of reAlpha (previously, “Claire”) (the “Super App”) for mobile devices. The Super App brings an end-to-end, commission-free, real estate experience to users’ mobile devices in addition to its online version, combining Claire, reAlpha’s generative-AI buyer’s agent, licensed human agent support and a suite of homebuying tools, which currently includes title and escrow agent services. In connection with the launch of the Super App for mobile devices, reAlpha changed the name of the Super App from “Claire”, to “reAlpha”. Claire will remain as the generative-AI buyer’s agent that will be integrated within the Super App, while providing the same services it did for users utilizing the platform under its previous name. The Super App will continue to be available online in addition to its mobile app version. This launch is timed to coincide with the real estate industry's shift in light of the National Association of Realtors’ (“NAR”) recent settlement to eliminate the standard six percent sales commission when purchasing a home. These rule changes went into effect August 17, and reAlpha believes such changes make its commission-free offering to be even more compelling for property buyers. AI-Driven Homebuying Experience The Super App brings reAlpha’s AI-powered capabilities to homebuyers, allowing users to search for and purchase homes through their mobile phone. Key features include: Commission-free Homebuying: The Super App does not charge buyer’s commission fees, making home ownership more affordable and transparent.Claire, the AI Real Estate Agent: Users can interact with Claire, a generative AI-powered buyer’s agent, to receive 24/7 real-time support and answers to questions related to purchasing a property.AI-Generated Search and Recommendations: The Super App utilizes AI algorithms to provide personalized property matches and recommendations, furt...