Pacaso, the technology-enabled real estate marketplace which helps people buy and co-own luxury second homes, has formed a strategic alliance with Re/Max and its Approved Supplier program, one of the world’s leading franchisors of real estate brokerage services. The relationship introduces Pacaso’s marketplace to Re/Max brokerages in the 40 global luxury second home destinations in which Pacaso currently operates.
“We are excited to align with Re/Max and introduce co-ownership as the most sustainable and modern way to buy and own a second home to their expansive network,” said Vice President of Industry Relations Marnie Blanco. “At a time when low inventory continues to fuel record high home prices across the nation, it is more important than ever to make efficient use of existing homes and put forward smart solutions. Pacaso’s innovative co-ownership model creates more inventory which eases market pressure and also equals more sales for realtors, as one Pacaso is up to eight sales opportunities.”
Pacaso partners closely with real estate agents and brokerages to help clients buy, sell and own a second home. Real estate agents representing buyers who purchase a share of a Pacaso earn a 3% referral commission, along with the opportunity to earn equity rewards. Pacaso manages the entire process, from scheduling a home tour and answering client questions, to managing inspections, escrow, title and reporting.
“We’re thrilled to welcome Pacaso and its innovative co-ownership platform into the Re/Max Approved Supplier program,” said RE/MAX LLC President and CEO Nick Bailey. “Pacaso’s unique services create real opportunities for second home buyers and the professionals who work with them. This is a great fit for RE/MAX agents, who tend to embrace smart new ideas they can leverage to close sales and benefit their clients.”
