Real Estate Exchange Inc., a real estate brokerage firm, said Wednesday that it is moving its headquarters from Los Angeles to Austin.
The firm, commonly known as REX, uses artificial intelligence and machine learning to buy and sell homes. Jack Ryan, the company’s CEO and co-founder, moved to Austin last year, and other top executives like REX’s chief data scientist and national sales manager already work here.
Ryan said REX chose to move its headquarters to Austin because of the company’s success in finding and retaining talent in the city.
“It’s just a great place to hire individuals that fit our culture and fit what we’re trying to do from a business point of view,” Ryan said.
