The real estate startup REX, a 3-year old company has made its foray in to the real estate disruption landscape by charging only 2% of the final sales price when listing a home and by not put their listings on the Multiple Listing Service. If a client buys a home outside of their network, such as one listed on the MLS, REX refunds 50% of the buyer agent’s commission two days before closing.

REX has already attracted $30 million in two funding rounds from investors such as Amit Singhal, former senior vice president of search, Google; Jack Greenberg, former chief executive officer, McDonalds; Dick Schulze, founder, Best Buy (and formerly #722 on Forbes billionaires list); Gordon Segal, founder, Crate and Barrel; and Scott McNealy, co-founder and former chief executive officer, Sun Microsystems.

The article is written by Amy Dobson for Forbes. You can read the full article here.