Compare Xome and Side Real Estate

Editor's Rating

Users' Rating

Editor's Rating

Users' Rating

For Sellers

Referred Agents
25%-40%
Referral Fee
Xome does not provide real estate services to home sellers. Instead, this company matches consumers with various real estate agents in exchange for a 25%-40% referral fee. Xome results suffer from pay-to-play bias because the network does not match consumers with agents unwilling to pay 25%-40% of their commission to Xome.

For Sellers

Partner Agents
Varies
Commission Split
Side Real Estate is a “while-label” brokerage that does not provide real estate services to home sellers. Instead, this company matches consumers with various real estate agents in exchange for an undisclosed commission split. Commission splits set by broker may range anywhere between 25%-40% of the entire agent’s commission. HomeOpenly could not confirm the exact commission splits Side Real Estate charges, and our estimated split range may be inflated. Side does not share the exact split figures with consumers because company considers it a competitively sensitive information.

For Buyers

Referred Agents
25%-40%
Referral Fee
Xome does not provide real estate services to home buyers. Instead, this company matches consumers with various real estate agents in exchange for a 25%-40% referral fee. Xome results suffer from pay-to-play bias because the network does not match consumers with agents unwilling to pay 25%-40% of their commission to Xome.

For Buyers

Partner Agents
Varies
Commission Split
Side Real Estate a “while-label” brokerage that does not provide real estate services to home buyers. Instead, this company matches consumers with various real estate agents in exchange for an undisclosed referral fee. Commission splits set by brokers may range anywhere between 25%-40% of the entire agent’s commission. HomeOpenly could not confirm the exact commission splits Side Real Estate charges, and our estimated split range may be inflated. Side does not share the exact split figures with consumers because company considers it a competitively sensitive information.
You are now comparing two different service models: Xome is a referral fee network that does not provide real estate services while Side Real Estate is a “white label” referral brokerage that matches consumers with real estate agents
Compare Xome and Side Real Estate for home buying and selling. HomeOpenly is an impartial and an open resource focused on trending real estate services, portals and start-ups.

First published: 15 November 2019
Last updated: 29 March 2020

Buying and Selling with Xome

Xome is a referral fee network designed to collect fees by matching consumers with local real estate agents willing to participate.

Xome operates as a licensed real estate brokerage in California under BRE License #001932600, but it does not produce any services that are typically offered by real estate agents and does not represent consumers when buying or selling real estate in any State.

When consumers submit information to Xome, this information is simply sold to real estate agents who are willing to pay for it with 25%-40% share of their commission.

Xome Pricing

Xome revenue comes from referral fees and sale of user data.

Listing Services

  • This Service Does Not Represent Sellers

Buyer's Agent Services

  • This Service Does Not Represent Buyers

Xome Editor's Review:

Xome is a licensed real estate broker that collects a 25%-40% referral fee from all real estate agents that participate. Agents are accepted into the referral program at no upfront cost, instead, all fees are back-loaded into the agent’s commission and result in a much higher cost to consumers.

All agents in Xome Agent Network must pay Xome a referral fee for each closed deal and report on the progress with private transaction details using Xome portal. Xome itself does not create an agency relationship with consumers and has no financial obligation for the actions of Referred Agents.

Consumers work with these agents through separate written agreements. The terms of any agreement between consumers and real estate agent in the network are not endorsed or recommended by Xome.

All real estate agents using Xome pay a referral fee depending on the final cost of a house. On a $250,000 house, the agent could pay around $2,800 in fees to Xome. This amount could be easily offered as a refund or commission savings to consumers, but instead, it becomes a deterrent for real estate agents to offer competitive terms.

Xome Agent Network plays fees down to consumers, but it rigidly locks every participating real estate agent into a referral fee attached to the back-end of every contract. As a licensed real estate agent that doesn’t perform any real estate services or takes any responsibility for the transaction, it is not entirely clear how this process works under the Business and Professions Code and RESPA.

Clearly, real estate agents only sign-up with Xome because the price of the referral fee can be easily incorporated into their client’s agreement with excessive commissions.

Xome receives the second lowest score because this service is clearly biased and it claims to provide the complete opposite of what it actually does. Xome must be well aware of this issue but continues to operate on pay-to-play methodology in order to collect fees that needlessly make home buying and selling more expensive. In the end,

Xome is a referral fee network that operates a limited pool of real estate agents willing to pay 25%-40% of their commission for each lead.

Xome Service Areas:

United States

Buying and Selling with Side Real Estate

Side is a new and a potentially misleading proposition for California consumers. Side is a licensed real estate broker in California, but it does not help consumers to buy homes or list homes for sale. Side claims to work with top-producing, growth-focused partner agents where the "brand of the agent or team is front-and-center."

Side Real Estate Pricing

Side revenue comes from an undisclosed percentage cut of customers' commissions with participating partner agents. There are no upfront costs for partner agents to use the brokerage.

Listing Services

  • This Service Does Not Represent Sellers

Buyer's Agent Services

  • This Service Does Not Represent Buyers

Side Real Estate Editor's Review:

Side claims to offer brokers a "white-label" marketing solution, but in the background, Side works as the broker of record and earns a percentage of customers' commissions. Side says that this is a winning value proposition that is attracting top agents and teams at an accelerating pace.

The problem with Side proposition is a perplexing relationship between a marketing "while-label" platform and a licensed brokerage.

For instance, a licensed broker Anthony Paul Marguleas who operates under DRE 01173073 associates themselves with a Corporation where he represents consumers, APM Enterprises Inc. (DBA Amalfi Estates) licensed as DRE 01264346. At the same time, Anthony is also listed as a Broker Associate for Side, licensed as DRE 02014153 (as of November, 2019.)

According to Anthony's web site, "Anthony Marguleas is the owner of Amalfi Estates, one of Los Angeles' leading independent real estate companies, providing exclusive representation to both buyers and sellers." This agent never technically lists homes as a Side brokerage, or truly represents consumers on behalf of Side, yet the company associates itself as DBA Amalfi Estates. The question stands, which brokerage does business as Amalfi Estates – the Side, Inc. or the APM Enterprises Inc.?

Side, in effect, offers agents an ability to preserve the appearance of an independent brokerage, and at the same time, operates as a "background" brokerage. Such pooling of revenue may yield more effective returns from ads and marketing products, but it also functions as a reverse completion mechanism. Side web site states: “Collaboration, Not Competition, Helps Top Producing Agents Thrive ... One of the key things that makes this possible is Side’s strategic approach to selecting which agents to partner with. This is done to avoid having oversaturation in any one area. This keeps the partner agent community collaborative, rather than competitive because there’s enough business to go around.”

When contacted, Side specifically stated that it does not list homes or represent buyers in real estate transactions. Instead, the company offered to perform a match with a partner agent.

Side California license record currently displays records for 429 Salespersons affiliated with the brokerage (as of November 2019.) If Slide does not help to list or to buy homes, what exactly are these licensed Salespersons selling on behalf of Side?

On their web site, Side does not list their brokerage license, neither does it mention all DBA affiliations listed under their license record.

In their web site Terms of Service, Side claims that it "offers a technology service and platform via the Services that provides real estate agents and other real estate professionals," yet Side is clearly licensed as a broker, "acts" as a broker, and it asserts to the California Department of Real Estate that it works with legitimate broker associates.

Side claims that their "affiliated" agents will "sell your home for more money and faster." These are self-proclaimed and highly subjective statements.

Consumers who are looking to work with independent agents to help them buy or sell homes often want to avoid paying high broker-to-broker commission splits.

With Side, consumers may be misled to think that they are working with an independent agent, while Side operates on the background as a true broker of record.

Update: on January 17, 2020, Side Real Estate has originated a request to the editor asking for this review to be removed.

The following is a link to the notice originated by Side Real Estate, dated May 6, 2020.

The following is a link to the reply written by the editor of this review, dated May 7, 2020.

Side Real Estate Service Areas:

California,Florida