User:Mzfawaz/sandbox

Agent Ace is a web-based company in Santa Monica, California. It was officially founded in 2008 and subsequently launched in 2011. Agent Ace uses historical home-sale data and algorithms in order to determine the highest performing real estate agent relative to a property and a user's preferences. They were awarded patent number 8140443 by the US Patent and Trademark Office describing this method of referring a real estate agent based on performance.

Founding: Founded by Mazen Fawaz in 2008 during a decline in the US hosing market. Mazen Fawaz was involved in developing land for retail use in several states. In doing so, Mazen required the assistance of real estate brokers in several states in order to complete acquisition of the land required. He endeavored to study transactional data in order to chose the most appropriate broker relative to the area and price range of the properties in question. This study led to the system by which residential real estate agent performance can be measured, not unlike the system pioneered by Billy Beane used to measure baseball player performance.

Investment: Agent Ace raised an undisclosed amount of capital from an institutional investor in 2012. Subsequent rounds in capital may be avoided if acquisition of its technology comes to fruition.

Today: Agent Ace endeavors to provide its free service nationally and is currently working to build a strong user interface for easy use. Available only in California, Agent Ace is working to expand into 23 MSAs over the next 12 months.