OpenAgent

OpenAgent.com.au is a platform where sellers can compare and hire real estate agents to: - Find an agent who sells at the price they promise - Engage an agent on terms that make sense - Monitor the transaction progress end-to-end.
History
Developed by Zoe Pointon and Marta Higuera, who met when they worked for professional services firm McKinsey. OpenAgent lets home sellers find and compare real estate agents.
Australia is completely obsessed with property. Yet, even in Australia, real estate is an industry that still often fails to delight the consumer. A couple of years ago we set out to transform the way property is transacted. CBS Insight noted OpenAgent as one Real Estate company to watch on a global scale.
The company was featured by Anthill Online as a SMART 100 tech business in 2015. OpenAgent has also launched its First Home Sellers Choice Platinum Awards, which recognises the top real estate agents who have received the most positive reviews by home sellers in each state.
OpenAgent has also completed in-depth research into Gen-Y property buyers showing that the average price paid is 1.7 million in Newtown.
The Deloitte Fast 50 Australia program ranked OpenAgent 7th for the fastest growing Australian companies in 2016. In the same year, they were ranked 50th in Deloitte's Asia Pacific Technology Fast 500 program.
Funding
Open Agent has raised significant funding In August 2014, The company announced 1 million in funding, including investment from Pete Flint, co-founder of US online real estate giant Trulia.
In June 2015, The company announced funding of 6 million from Hollard Investments
In August 2016, The company announced funding of 12 million from Westpac Reinventure.
Rating process
OpenAgent built a significant amount of data behind their agent rating and matching engine. OpenAgent analyse all active real estate agents in Australia, looking at past sales, over 2,000,000 transactions and also customer recommendations and reviews.

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