Why a top agent started OfferPad, an Opendoor competitor

Co-founder sees 'a lot of pain points' in the traditional brokerage model
  • Brian Bair, formerly one of the most productive U.S. real estate agents, co-founded OfferPad, a property-exchange platform that's raised $260 million and competes with Opendoor.
  • Read Inman's Q&A with Bair, and the other OfferPad co-founder Jerry Coleman, for insight into OfferPad's business model.

Brian Bair, once ranked the second highest-selling agent in the U.S., and Jerry Coleman — a co-founder of Invitation Homes, Blackstone’s single-family rental investment arm — are the co-founders of OfferPad, a property-exchange platform and Opendoor competitor that just announced $260 million in funding.