Bilt Rewards Launches Industry-First Program to Earn Points on Home Purchases
Bilt Rewards has announced a groundbreaking program allowing members to earn Bilt Points when purchasing homes through eXp Realty agents. Members earn one point for every $2 of a home's purchase price, potentially earning hundreds of thousands of points on a single transaction. The initiative includes a new home search tool that converts listing prices into estimated monthly payments and factors in members' financial profiles. The program also helps renters build credit history by reporting rent payments to credit bureaus and allows points to be used towards down payments. This expansion aims to make homeownership more accessible while rewarding members for their largest lifetime purchase.
Bilt Rewards ha annunciato un programma innovativo che consente ai membri di guadagnare Bilt Points quando acquistano case tramite agenti eXp Realty. I membri guadagnano un punto per ogni $2 del prezzo d'acquisto di una casa, potenzialmente accumulando centinaia di migliaia di punti in una singola transazione. L'iniziativa include un nuovo strumento di ricerca abitativa che converte i prezzi di vendita in pagamenti mensili stimati e considera i profili finanziari dei membri. Il programma aiuta anche i locatari a costruire una storia creditizia segnalando i pagamenti dell'affitto alle agenzie di credito e consente di utilizzare i punti per il pagamento anticipato. Questa espansione mira a rendere la proprietà di una casa più accessibile, premiando al contempo i membri per il loro acquisto più grande nella vita.
Bilt Rewards ha anunciado un programa innovador que permite a los miembros ganar Bilt Points al comprar viviendas a través de agentes de eXp Realty. Los miembros ganan un punto por cada $2 del precio de compra de una vivienda, lo que potencialmente les permite acumular cientos de miles de puntos en una única transacción. La iniciativa incluye una nueva herramienta de búsqueda de casas que convierte los precios de los anuncios en pagos mensuales estimados y toma en cuenta los perfiles financieros de los miembros. El programa también ayuda a los inquilinos a construir su historial crediticio al informar los pagos de alquiler a las agencias de crédito y permite que los puntos se utilicen para los pagos iniciales. Esta expansión busca hacer que la propiedad de una vivienda sea más accesible mientras recompensa a los miembros por su compra más grande en la vida.
Bilt Rewards는 eXp Realty 에이전트를 통해 주택을 구매할 때 회원이 Bilt Points를 적립할 수 있는 혁신적인 프로그램을 발표했습니다. 회원은 주택 구매 가격의 $2당 1포인트를 적립하며, 단일 거래로 수십만 포인트를 획득할 수 있습니다. 이 이니셔티브에는 주택 목록 가격을 예상 월별 지불금으로 변환하고 회원의 재정 프로필을 반영하는 새로운 주택 검색 도구가 포함되어 있습니다. 이 프로그램은 또한 임차인이 임대료 지급을 신용 조사 회사에 보고하여 신용 이력을 쌓을 수 있도록 도와주고, 포인트를 계약금을 위해 사용할 수 있게 합니다. 이 확장은 주택 소유를 더 쉽게 접근할 수 있도록 하고, 회원이 인생에서 가장 큰 구매에 대해 보상을 받을 수 있도록 하는 것을 목표로 합니다.
Bilt Rewards a annoncé un programme révolutionnaire permettant aux membres de gagner des Bilt Points lors de l'achat de maisons par l'intermédiaire des agents eXp Realty. Les membres gagnent un point pour chaque 2 $ du prix d'achat d'une maison, ce qui peut leur permettre d'accumuler des centaines de milliers de points lors d'une seule transaction. L'initiative inclut un nouvel outil de recherche de logements qui convertit les prix des annonces en paiements mensuels estimés et prend en compte les profils financiers des membres. Le programme aide également les locataires à construire leur historique de crédit en signalant les paiements de loyer aux agences de crédit et permet d'utiliser les points pour les acomptes. Cette expansion vise à rendre l'accession à la propriété plus accessible tout en récompensant les membres pour leur plus grand achat dans la vie.
Bilt Rewards hat ein bahnbrechendes Programm angekündigt, das es Mitgliedern ermöglicht, Bilt Points beim Kauf von Immobilien über eXp Realty -Agenten zu verdienen. Mitglieder erhalten einen Punkt für jeweils 2 $ des Kaufpreises eines Hauses, wodurch sie potenziell Hunderttausende von Punkten bei einer einzigen Transaktion erwerben können. Die Initiative umfasst ein neues Tool zur Haussuche, das die Listenpreise in geschätzte monatliche Zahlungen umwandelt und die finanziellen Profile der Mitglieder berücksichtigt. Das Programm hilft Mietern auch, eine Kreditgeschichte aufzubauen, indem Mietzahlungen an Kreditbüros gemeldet werden, und ermöglicht die Verwendung von Punkten für Anzahlungen. Diese Erweiterung zielt darauf ab, Wohneigentum zugänglicher zu machen, während die Mitglieder für ihren größten Lebensankauf belohnt werden.
- Partnership with eXp Realty (EXPI) creates new revenue stream through home purchase rewards program
- Access to eXp Realty's network of over 85,000 agents across multiple countries
- Innovative technology platform simplifying home purchase process could drive user adoption
- Program creates customer loyalty and potential recurring revenue through real estate transactions
- Cost of points rewards program could impact profitability
- Success depends on housing market conditions and consumer purchasing power
Insights
This strategic partnership between Bilt Rewards and eXp Realty marks a significant innovation in real estate rewards programs. The 1 point per $2 purchase price structure creates substantial value - a
For eXp Realty, this partnership provides a competitive advantage in agent recruitment and client acquisition. With over 85,000 agents globally, the program has significant scaling potential. The integration of Bilt's mortgage calculator and credit-building tools creates a comprehensive ecosystem that could drive increased transaction volume through eXp's platform.
The timing aligns with market conditions where buyers need additional incentives, potentially helping eXp capture market share in a challenging environment. This could positively impact transaction volumes and revenue growth for EXPI shareholders.
Expands Mission to Help Renters Build Path to Homeownership Through Credit History Building and Revolutionary Home Search Tools
“Americans receive rewards for everyday purchases, but have never been properly rewarded for the largest purchase they will make in their lifetime. Bilt pioneered Bilt Points on rent payments to give members something back on their biggest monthly expense. Now, we're going to reward them when they buy a home—their largest lifetime purchase," said Ankur Jain, Founder and CEO of Bilt Rewards. "This is part of our broader mission to make the path to homeownership more accessible and rewarding for our members."
This points-earning opportunity comes as part of Bilt's comprehensive initiative to help renters transition to homeownership, which includes:
Building Credit History Through Rent
As one of the largest free sources of rent reporting, Bilt helps members boost their credit history by reporting their rent payments to all three major credit bureaus. Through Bilt’s app renters can monitor their credit score and track their progress toward mortgage qualification.
Revolutionary "Buy a Home" Tool Makes Home Shopping Simple
Bilt has launched an innovative home search tool that transforms how renters approach buying a home. Unlike traditional calculators that require users to input complex mortgage calculations, Bilt's technology shows available homes based on best estimates of an all-in monthly payment—making it easier for renters to compare the monthly cost of homeownership to their current rent.
The tool provides unprecedented personalization by:
- Converting home listing prices into transparent best estimates of all-in monthly payment amounts that include costs like property taxes and insurance;
- Factoring in Bilt Members’ actual financial profile to determine indicative rates and mortgage types across FHA, Fannie Mae, Freddie Mac, and NQM lenders;
- Allowing Bilt Members to explore various downpayment scenarios and to incur added savings by applying Bilt Points towards a down payment; and
- Showing available homes across different cities based on monthly payment to see how Bilt Members’ buying power differs by geography.
“The path to homeownership seems distant to American renters, but for many, homeownership is closer than they realize. Most home search tools start with a purchase price and expect buyers to figure out complex mortgage calculations on their own. Bilt now makes it surprisingly easy by simplifying the home search to include an all-in monthly mortgage price so consumers can now see how far their monthly rental payment could go toward owning a home,” said Bilt Board Member and former Fannie Mae CEO Tim Mayopoulos. “It's about making homeownership feel achievable and transparent."
To enable the points-earning benefit, Bilt has partnered with eXp Realty, allowing members to earn one point for every
“At eXp Realty, we're committed to empowering homebuyers with innovative solutions that make the journey to homeownership more accessible and rewarding,” said Leo Pareja, CEO of eXp Realty. “Our strategic relationship with Bilt enhances this commitment by providing homebuyers the ability to earn significant rewards while making the most important purchase of their lives. This collaboration not only simplifies the homebuying process but also brings unprecedented value to the table, helping more people turn their dream of owning a home into a reality. Together, we're creating a future where homebuyers are rewarded for every step they take on the path to homeownership."
The Complete Path to Homeownership
This expansion reflects Bilt's commitment to supporting renters at every stage of their housing journey—from building credit history through rent payments, to understanding their home buying power, to earning valuable rewards when buying a home. The program creates a clear roadmap from renting to owning while making the process more rewarding than ever before. Anyone can become a Bilt member, and sign-up is free.
To learn more about Bilt Rewards and its revolutionary homebuying program “Buy a home”, please visit https://www.biltrewards.com/buy-a-home, download the Bilt Rewards App, or contact our media relations team at media@biltrewards.com.
About Bilt Rewards
Bilt Rewards is the pioneering loyalty program for where you live that allows renters to earn rewards on rent and benefits in their neighborhood, while building a path towards homeownership. Through the Bilt Rewards Alliance, a network of more than 4.5 million rental units, Bilt Members can earn points just by paying rent. Launched in June 2021, Bilt Rewards boasts one of the highest value rewards programs on the market today, including one-to-one point transfers for travel across over 100 major airlines and hotel partners; fitness classes at the country's top boutique studios; limited-edition and exclusive collections of art and home decor through the Bilt Home Collection, and the ability to use points for rent credits or towards a future down payment. For more information, visit www.biltrewards.com.
About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, FrameVR.io and SUCCESS® Enterprises.
eXp Realty is the largest independent real estate company in the world with more than 85,000 agents in
For more information, visit https://expworldholdings.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241120964495/en/
Sean Walsh, swalsh@biltrewards.com
Regina Graham, regina@biltrewards.com
Source: Bilt Rewards
FAQ
How many Bilt Points can you earn when buying a home through eXp Realty (EXPI)?
What features does Bilt's new home search tool offer with eXp Realty (EXPI)?
How does the Bilt and eXp Realty (EXPI) partnership help renters transition to homeownership?
