Since July 2020, nearly 65% of offer requests have been from returning agents.
CHANDLER, Ariz., July 26, 2023--(BUSINESS WIRE)--Offerpad Solutions Inc. ("Offerpad") (NYSE: OPAD), a leading tech-enabled platform for residential real estate, is celebrating the third anniversary of its Agent Partnership Program. Since 2020, Offerpad has provided real estate agents with an industry-high 3% referral fee when completing a qualified sale of a client’s home through the program in support of Offerpad’s continued commitment to providing simple real estate solutions for all, including the agent community.
The 3% referral fee has prompted nearly 130,000 requests from agents to Offerpad in more than 1,700 cities and towns across the country. With the popularity of competitive cash offers growing among consumers over the last several years, agent interest in requesting offers through Offerpad’s Agent Partnership Program continues to increase:
65% of all agents who have requested an offer from Offerpad have done so for more than one client
Agents surveyed by Offerpad gave their experience a 92% customer satisfaction score and an NPS of over 60
"We’ve supported thousands of agents across the country by providing their sellers with an easy, fast, and convenient way to sell their home," said Brigham Weight, National Director, Business Development. "We value our agent relationships and recognize their hard work by providing a generous 3% referral fee on any qualified completed sale from one of our cash offers to ensure they’re well-compensated for their efforts when working with us."
The 3% referral fee is paid on top of the agent’s seller-paid commission – on every completed qualified sale every time. There is no fee for agents to participate in the program.
"Selling directly to Offerpad offers sellers flexibility by eliminating the need for showings and worrying about offer contingencies, double mortgages, and the hassle of moving twice by selecting their closing date. We also provide sellers with a free local move,*" added Weight. "With Offerpad, agents can eliminate the risk of losing a potential listing by requesting a cash offer to present to their client at the same time. This way, the agent can provide multiple selling options."
*Restrictions apply. Visit www.offerpad.com/move-for-free for more information.
Offerpad’s mission is to deliver the best home buying and selling experience. From cash offers and flexible listing options to mortgages and buyer services, Offerpad has been helping homeowners since 2015. We pair our local expertise in residential real estate with proprietary technology to put you in control of the process and help you find the right solution that fits your needs. Visit Offerpad.com/agents for more information.
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