Publicly listed real estate software company reAlpha Tech Corp (AIRE) has launched what it calls a “super app” that offers a free solution for end-to-end homebuying representation.
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Publicly listed real estate software company reAlpha Tech Inc. (AIRE) has launched an artificial intelligence-powered “super app” called Claire, which offers a free end-to-end homebuying representation and services solution.
In an Aug. 20 press release, reAlpha directly addressed the new rules that were put in place as part of a settlement between the National Association of Realtors and consumer groups seeking compensation for the traditional structure of real estate commission payments.
According to the announcement, the application will not charge a fee for homebuyers’ use and will include human interaction and support from licensed sales professionals, providing home search and on-boarding title and escrow services.
The application was previously called Claire, but the new version reflects deeper integration with AI and a more comprehensive consumer-centric experience in a mobile environment.
“This launch comes at a time of real estate industry shift following the recent agreement by the National Association of Realtors (NAR) to eliminate the standard 6% sales commission on home purchases. This rule change went into effect on August 17, and reAlpha believes this change will make its no-commission service even more attractive to home buyers,” the release read.
In summary, the application is a digital buyer service solution. Key features include “commission-free home buying,” support from an AI real estate agent called Claire, and AI-based natural language home search and recommendations.
Claire offers 24/7 support for general app usage, as well as market insights and answers to any concerns you may have about the home buying process, including making an offer and negotiating. The company says it can also review and summarize transaction documents, including home inspection summaries, settlement statements, contracts, addendums and other related documents for easier analysis.
“At reAlpha, we understand that buying a home is the biggest and most important decision of many people’s lives,” Mike Logozzo, president and chief operating officer of reAlpha, said in the release. “We believe in leveraging AI to create a more personalized and supported homebuying experience. The reAlpha Super App is designed to give homebuyers all the tools and support they need to find their dream home, all from their mobile device, with an affordable price and the best experience.”
Its acquisition of Hyperfast, a title company licensed in Florida, Virginia and Tennessee, in July 2024 will enable reAlpha to offer built-in title services and, should more meaningful and custom home-buying needs arise, allow the company’s licensed agents to step in. The company also said in a release that it plans to offer mortgage services and home insurance options as well. Bringing together a portfolio of industry service providers.
The company acquired an AI investment analysis tool in 2023 and was focused on income real estate at the time.
According to the Inman report, the company was selling a retail-grade fractional investment platform that gives a wide range of users the opportunity to invest in Airbnb homes and other STR opportunities. The company’s GenA product uses AI to create marketing content for STR hosts, similar to what many tools in the home sales space do for real estate agents.
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