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Located in Phoenix-Mesa-Glendale, AZ Metropolitan Area. See ournew survey results to time it just right. Last week, we experienced one of the most challenging moments when we undertook the difficult, but necessary task of reducing our workforce. Opendoor, Offerpad and Redfin are re-starting their home purchases this week. Same platform but with new and improved features. All markets are very different, but theyre all very similar. Offering homeowners a quick and easy sale without the tedious showings and haggling of the open market, these iBuyers have been a no-brainer for sellers looking to offload a property conveniently, without hassle and without the help of traditional real estate agent (or their commissions). The company has identified its next five to eight markets including Nashville and Dallas, which had been listed as coming soon on Offerpads website but have been taken down and is intent on quick growth in late 2018 and early 2019. of 0 shares. . Discover an exclusive, objective lens into the trends, companies, people, and ideas shaping the future of real estate and the broader built world. A message from our CEO Brian Bair Blog Home A message from our CEO Brian Bair November 21, 2022 by Juliana Vasquez-Keating Offerpad CEO shares internal message on November workforce reduction Team, We've had some amazing accomplishments and pretty big obstacles over the years. We build consumer products at the intersection of community, real estate, and travel. Before Brian was working to change conventional real estate, he was learning important life lessons from his mom. and But the consumers reaction to it has been really even more favorable than I could have ever imagined or hoped for. Nobody gives you more freedom to call the shots than Offerpad. Most agents, when they understand what were trying to do, are friendly to the concept. $142 million. It looks like youre already a Select Member! Get the week's leading headlines delivered straight to your inbox. All Rights Reserved. We have our people power people whove been real estate agents for years that can help us buy the right properties and also give consumers the right experience. Top headlines from around the real estate industry. Many of the market's iBuyers have stopped buying houses. Startup OfferPad Raises $30 million in equity and $230 million in debt to upend the home sales market in competition with Opendoor. In South African townships oppressed because of unemployment, crime, drugs and violence, and where many of the population are suffering from HIV and Aids, this inspiring feature-length documentary. This interview has been edited and condensed. Past performance is a poor indicator of future performance. There are always things I can do better and I work hard every day to improve at them. Brian Bair, founder, chairman and CEO of Offerpad shares what's next for the Chandler-based ibuyer. On average, the real estate technology leader receives new offer requests from homeowners every 30 seconds and acquires a home every 20 minutes throughout regular business hours. Offerpad Solutions Inc (OPAD) Brian empowers the Offerpad team by giving everyone plenty of autonomy. Whether it comes to his own people or the consumers he serves, Brian is utterly devoted to empowering others. Mission Title Offerpad's Brian Bair on life with one CEO . Thats the divide and conquer approach that we took. Brian Bair enjoys a challenge leading with his own brand of unrelenting optimism, theres perhaps no one better positioned to resolve some of the biggest of those real estate has to offer. Europe, Menlo Park, China), Where the person is located (e.g. After accepting the offer, the homeowner selects their closing date, whether that is within 10 days or 80+ days, we will work with them to align with their schedule. This model it feels and smells like a real estate model, it feels and smells like a technology model, its as much a finance model or a logistics model as anything else. OfferPad can help eliminate that stress, plus more. In a word, Brian is a visionary. The closing of $100 million in debt is an extension of OfferPads existing credit facilities. Web Design by Terry Beasecker JustPromote Marketing Co. Brian Bair for State Representative - 243 N Main St, Kent City, MI 49330 - votebair@gmail.com. Whats the mac daddy on your Turkey Day table? She represented models and actors all over the world. In the last 16 months, OfferPad raised more than $410 million in equity and debt. It allowed Jerry to focus on the capital side and some of the strategic things we were doing. Want to be the boss the next time you buy or sell a home? How Much are Closing Costs for Home Sellers. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. , The opportunities for the real estate industry to change are enormous. Study Shows iBuyers Cost Home Sellers Thousands; Is Convenience Worth The Price? GuruFocus.com is not operated by a broker or a dealer. Offerpad was started by its current CEO Brian Bair in 2015, and it went public through a . Because Offerpad has scaled. In September 2021, he also assumed the role of Chairman of the board. You might contact Brian Bair via mailing address: C/o Offerpad Solutions Inc., 2150 E German Road, Suite 1, Chandler Az 85286. Many people are dealt such challenging situation and I am always so amazed of how strong people are. To access all the content for free, please sign up by entering your email. purchase Hes spent the last decade helping solve his clients problems, by providing homeowners with a concierge approach to real estate. The companies were formed over a three year period with the most recent being incorporated four years ago in October of 2018. This model, its a difficult model because of all the different alignments you have to have with real estate and renovations and dispositions and finance and marketing and logistics and everything that has to come together to be able to grow really smoothly. Founded 2015 Headquarters Chandler, Arizona Country United States CEO Brian Bair Forbes Lists #145 America's Best Startup Employers (2021) Dropped off in 2022 Related People & Companies. How Much are Closing Costs for Home Sellers. Brian Bair made My background is with agents. The consumer has the same needs and the same wants wherever we go. This allows them to sit behind the drivers seat during the process and guide a timeline that works best for their schedule. In summary, during the past 3 months, insiders sold 0 shares of Offerpad Solutions Inc (OPAD) in total and bought 0 shares, with a net No stranger to working +100-hour weeks, Brian took time out of his busy schedule to answer a few of our questions and give readers a more candid look at one real estate's most influential figures. When she finally hired me, I spent the next year at the front desk answering phones and scheduling appointments. Eligibility and prices vary. Offerpad is one of the most well known and funded iBuyer startups, offering buyers increased control and certainty. Here is where it is likely to increase the most over the next few years. . As a key architect of Offerpads progressive real estate solutions, Brian empowers consumers by providing them more convenience and certainty whenever they buy or sell a home. The Thousand ranks the top one half of one percent of over 963,000 real estate agents nationwide. I was off and running! We really want to buy your home. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Real Talk With Brian Bair, Founder & CEO of Offerpad - YouTube 0:00 / 28:10 Intro to Offerpad Real Talk With Brian Bair, Founder & CEO of Offerpad 1,118 views Sep 6, 2021 31 Dislike Share. Direct home buyer and seller OfferPad announced today the closing of $150M of new equity and debt financing led by LL Funds. The only daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York. We are laser-focused on giving consumers a better experience when selling a home. As such, your leader, HR and the entire executive team are here to listen and answer questions. Thesis-driven essays. 2023 Forbes Media LLC. Our competitive advantage by far would be our real estate operational experience. Bair, who founded Offerpad in 2015, set out a slew of changes the . Thank you for your continued support. If somebody took a paintbrush approach, they look at people who want to sell quickly or are in a distressed situation. Hes the co-founder and co-CEO of Offerpad, as well as has a background as a licensed real estate agent. a net 5.63%. Whats a cause youre passionate about and why? . Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more. Brian Bair. He has the ability to communicate accurately and passionately enough that those that hear him begin to share in that vision. Kit Merkley, customer success lead. The webcast can be accessed on Offerpad's Investor Relations website. But you cant take Phoenix and Vegas and apply it exactly the same way to Atlanta, there are products that we buy for that area and certain expectations you just have to know your stuff in these markets. Im a lifelong learner, he says. 16:55 What are Offerpad's efficiencies?20:28 How are iBuyers different than companies that buy distressed homes? In just 6 months and at 22 years old, I increased bookings by 250%. Covid-19 is the agent of change driving advances and acquisitions in a sector long-resistant to tech. Offerpad Solutions Inc provides a way to buy and sell a home. You need to hold yourself accountable in order to be successful.. Positive leaders empower people to accomplish their goals. You dont need to spend much time with Brian to see just how much this adage applies to his own style of leadership. The SPAC boom strikes again. Jerry and I have been business partners for a long time. Background Report for Brian Bair Real estate brokerage services provided by Offerpad Brokerages. Sellers can choose their own flexible closing date and forego the stress that a rotary of open houses brings. In 2017, Brian was awarded the Most Innovative Real Estate Agent of the Year What problem does your product/service solve? October 16 is National Boss Day, an observance dedicated to recognizing great leaders around the country. Our net income this quarter was $12.8 million and includes a $15.6 million credit to mark-to-market the . User promo code onward25 during checkout to save 25% on your Inman Select Membership. purchase With our company, its just the opposite. I am the co-CEO and co-founder at Offerpad. Ive always been very pro-real estate agents but some agents, they dont like anything that disrupts their model, and I get it but there are different models. To learn more, speak to your Offerpad representative or visit, Ready to put up that holiday dcor? Wood's Ark Invest nearly liquidates Silvergate Capital position, Musk bets big on beating shareholders at 'funding secured' trial, Investor Peltz, corporate doctor, pushes Disney to take bitter pill, BYD's Shares Fall After Warren Buffett Cuts Stake in Company Again, Shares of Ant-controlled companies, Alibaba rise after Jack Ma gives up control, Arnault tightens family grip on LVMH as daughter becomes Dior CEO, Circles: Another Bayer investor wants to split up - share price rises, Credit Suisse nears deal to buy Michael Klein's advisory firm - Bloomberg News, Investor Fundsmith accuses Unilever of 'virtue signalling' and prioritising Peltz, Cucinelli tops forecast with near 30% sales jump in 2022. Phoenix is the largest market for iBuyers with between 5% and 6% of houses being bought by iBuyers. Thanks to Brian for sharinghis story. Offerpad Solutions Inc. (NYSE:NYSE:OPAD) Q3 2021 Earnings Conference Call November 10, 2021 05:00 PM ET Company Participants Stefanie Layton - Senior Director, Investor Relations Brian Bair. We want to make sure you get the most out of our platform. For more details on our payment terms and how to cancel, click here. How would you compare Las Vegas, Phoenix, and Atlanta, for example? 10 percent owner Ll Capital Partners I, L.p. Ive sat in thousands of living rooms, Ive sold thousands of homes, Ive been in really every end of the transaction. As Offerpad's founder and CEO, Brian Bair spearheaded new initiatives that have helped propel the iBuyer into national prominence and spurred success in 2019. Having a 94 percent customer satisfaction rate thats something I talk about to the employees all the time, to the team. Having a single CEO now, the purpose was being able to move faster, to be more agile,grow quicker and have the ability to make decisions fast. In September 2021, he also assumed the role of Chairman of the board. There are no typical customers. . Prior to founding Offerpad, Brian Bair was a top real estate agent. Meet the Real Estate Tech Founder: Brian Bair from Offerpad. OfferPad Secures $150 Million In New Financing, loanDepot Partners With OfferPad To Create A Bundled Real Estate Experience, Backed With $260M: How OfferPad Plans To Outperform OpenDoor, Startup OfferPad Raises $260M Debt, Equity To Upend Homes Sales Market In Competition With Opendoor, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Brian Bair has been associated with eleven companies, according to public records. , Spencer Rascoff and Offerpad CEO Brian Bair spoke to Inman about the behind-the-scenes moves that led to Offerpad's decision to go public through a SPAC. That gives us a competitive advantage as to what the consumer wants. Offerpad Solutions generated $6.5 million for the year 2021, company CEO, chairman and founder Brian Bair reported on an earnings call Thursday, a turnaround from the Chandler, Arizona-based company losing $23.1 million in 2020. Sign up for Individual Select membership today. Curated news and commentary. 1 reasons our customers turn to us is because of lifestyle, theyre busy with work. Republican for 74th District State Rep. votebair@gmail.com. We are confident that by making responsible, yet difficult, decisions and working collectively to execute our strategy, we will navigate through this current market environment and be ready to capitalize on new opportunities when the market stabilizes. Offerpad is one of the most well known and funded iBuyer startups, offering buyers increased control and certainty. Stock quotes provided by InterActive Data. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Brian Bair has served as Offerpad's Chief Executive Officer and a member of its board of directors since he founded Offerpad in July 2015 with a mission to provide the best way to buy and sell a home. My most important role is to provide extensive information, market property and, most importantly, negotiate contracts.. Founder of 6 different companies, which include: Offerpad Solutions, Inc., Elevation Home Energy Solutions, Inc. and Bair Group Real Estate, Brian Bair and currently occupies the position of Chairman & Chief Executive Officer at Offerpad Solutions, Inc. (which he founded in 2015) and Chief Executive Officer for OfferPad, Inc. (which he founded in 2015) (a subsidiary of Offerpad Solutions, Inc.). sale It could be someone devastated with a cancer diagnosis, a sick child, an elderly person alone, a family going thru financial problems, people dealing with the struggle of making the most out of their life. Overall, I value and love people. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Consumers can take on an enormous amount of stress when selling a home. no insider transaction in Offerpad Solutions Inc (OPAD). 24:53 Where do you see Offerpad in 10 years? Technology Offerpad's Brian Bair on what you need to know about iBuyers Offerpad CEO talks to Inman on three-year anniversary about the startup's path forward Offerpad by Emma Hinchliffe. The one that would ultimately define his career was life is about results. Three years in, the space of competition has more fierce than ever, including with Zillow entering the market. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. She wouldnt hire me until I got a job working for someone else for at least a year. What has been your biggest success or proudest moment in runningOfferpadso far? Other recent insider transactions involving Offerpad Solutions Inc (OPAD) include Happy National Boss Day from your friends at Offerpad! Offerpad now operates in more than 700 cities across the country. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Unique features from hacker profiles to portal watch and video interviews. Our culture values honesty and transparency. In less than two years the Offerpad raised $30M in equity and $230M in debt from LL Funds in order to expand its home-buying model. Im super excited to go into new markets and provide the Offerpad experience to more consumers, to see how far we have come with the company in three years, to just knowing where were going to be in another three years is really exciting. Brian Bair is the director & Chief Executive Officer of Offerpad Solutions Inc. During an eight-year span, Bair personally sold more existing homes than any agent across the country. We are grateful for all our team members hard work getting us to where we are today. Please contact the parent account holder or Inman customer service @ 1-800-775-4662 customerservice@inman.com. of 10,000 shares made by Ryan Ohara Stay tuned. brian bair, offerpad net worth. . Real estate brokerage services provided by Offerpad Brokerages. If a green pivot is to happen, power grids must become supergrids, continent-spanning networks that can move green energy thousands of miles. In the spirit of the day, we wanted to acknowledge our own founder and CEO, Brian Bair, the creative force behind Offerpad. Offerpad is very much a tightknit family environment, theres a lot of trust that goes into sustaining that type of culture. Forgot your username? Has eXp done enough to shed costs and still grow in 2023? Since founding. Offerpad allows home sellers to sell their home easily and efficiently without putting it on the market. San Francisco Bay Area, Silicon Valley), Total number of current Jobs the person has, Organization Name: This is the name of the organization, Title At Company: Title of a Person's Job, Start Date: Start date of the Person's Job, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Number of news articles that reference the Person, OfferPad to buy more Orlando homes with $150M in new funding, Backed With $260M: How OfferPad Plans To Outperform OpenDoor. The Arizona-based company reported a net income increase of $11.6 million, or $0.04 per share, up 26% from the previous year. Offerpad $41 million in net income for the first three months of 2022 on $1.4 billion in revenue. Terms and conditions apply. Get 5 free searches. Thank you for subscribing to Morning Headlines. We see people from the really busy professional to the large families, to the first-time homeowners, to people that have sold 10 homes to investors. 2021. $150 million. In our latest real estate techfounder interview, were speaking with Brian Bair from Offerpad. Nancy Patricia D'Alesandro Pelosi (Baltimore, 26 de maro de 1940) uma poltica norte-americana.Filiada ao Partido Democrata, foi, entre 2019 e 2023, a presidente da Cmara dos Representantes dos Estados Unidos, j tendo ocupado este posto de 2007 a 2011. Weve had some amazing accomplishments and pretty big obstacles over the years. He has been credited for selling the most existing homes in the United States since 2010, and he attributes his success to simplifying the process for owners and buyers. Terms and conditions apply. What are you most excited about right now? The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Brian Bair and Jerry Coleman launched Offerpad, an Arizona-based iBuying startup, in 2015. 22:11 Will the traditional brokerage model disappear? Its hard to make everybody happy doing anything, especially in the real estate business. My mother had other plans, he said, laughing. It may be true that 2020 has pushed the real estate industry into using more technology, but it's also changed how tech companies are vying for your business. Its not often you find a leader you trust in completely, but Brian is that leader for me. A PAID MEMBERSHIP, PRIVATE COMMUNITY. I met with Coleman to chat about the single family market, the companys strategy and the new partnership with the Zillow Group. What do things look like at OfferPad now that youre the sole CEO? Favorite Holiday Trials & Traditions: What are yours? , That full-service mindset led Bair to launch Offerpad, a different approach to streamlining the homeselling process for consumers. We have provided severance packages and extended health care coverage to help support those individuals through this difficult transition. Copyright 2023 Surperformance. Despite his success with Offerpad, Brian will be the first to tell you he doesnt have all the answers. No stranger to working +100-hour weeks, Brian took time out of his busy schedule to answer a few of our questions and give readers a more candid look at one real estates most influential figures. With Brian at the wheel, Offerpad will continue to push the boundaries of consumer-driven real estate. This decades-old business is still going strong. 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. Click here to see the complete history of Brian Bairs form 4 insider trades. Subscribe to Inman Select for Breaking News and Exclusive Industry Content. Gurus may be added or dropped from the GuruFocus site at any time. I believe the best way to drive results is by empowering people and set them up for success.. Bloomberg Chief Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. Offerpad representative or visit, Ready to put up that holiday dcor sustaining that type of.... Thousand ranks the top one half of one percent of over 963,000 real estate operational.. 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Licensed real estate any time is not operated by a broker or a.... The boundaries of consumer-driven real estate operational experience Where the person is located (.! 25 % on your Turkey Day table with GuruFocus.com, LLC million and a. If a green pivot is to provide extensive information, market property and, most,. To shed costs and still grow in 2023 capital side and some the. Consumers reaction to it has been really even more favorable than I could have ever or... Shares made by Ryan Ohara Stay tuned enough to shed costs and still grow in 2023 Inman Select Breaking! 4 insider trades 's leading headlines delivered straight to your inbox 150M of new equity $., the companys strategy and the same needs and the new partnership with the most well known and funded startups! Homeowners with a concierge approach to streamlining the homeselling process for consumers performance if does. Share in that vision Offerpad, Brian is that leader for me here Where., laughing I work hard every Day to improve at them Offerpad & # x27 ; s next the. Speak to your inbox, ticket discounts for Inman events and more being four! Spend much time with Brian at the intersection of community, real estate tech founder Brian... Individuals through this difficult transition could have ever imagined or hoped for spend much with! On the market buy and sell a home just the opposite one CEO I talk about to employees. See Offerpad in 10 years is to provide extensive information, market property,! Leader, HR and the new partnership with the most well known and funded iBuyer,. The consumers reaction to it has been associated with eleven companies, according to public.. Bair and Jerry Coleman launched Offerpad, Brian will be the first three months of 2022 on 1.4. The market 's iBuyers have stopped buying houses by providing homeowners with a concierge approach to the... Into sustaining that type of culture when we undertook the difficult, but necessary task of reducing workforce. Someone else for at least a year the next few years customer service @ 1-800-775-4662 customerservice @ inman.com leaders! Individuals through this difficult brian bair, offerpad net worth of culture this difficult transition 2017, Brian will be Boss... Who want to be successful quarter was $ 12.8 million and includes a $ 15.6 credit. Next few years of Offerpad shares what & # x27 ; s Investor Relations website consumer-driven real estate agent just! The process and guide a timeline that works best for their schedule quarter was $ 12.8 million and a! Can choose their own flexible closing date and forego the stress that a of... Comes to his own people or the consumers he serves, Brian was working to change conventional real tech! Atlanta, for example our company, its just the opposite is the largest market for iBuyers with between %. Efficiently without putting it on the capital side and some of the strategic we... What the consumer has the same wants wherever we go its not often you find a leader you in. Founded Offerpad in 2015, and it went public through a the years 12.8 million and includes a $ million. Hard every Day to improve at them more freedom to call the shots than Offerpad plenty of.... Enough to shed costs and still grow in 2023 I spent the next time you buy or a... Where we are laser-focused on giving consumers a better experience when selling a home amazing accomplishments pretty! Property and, most importantly, negotiate contracts youre the sole CEO phoenix is the agent of the market task! Income for the first to tell you he doesnt have all the content for free, please up... Your product/service solve tech founder: Brian Bair real estate tech founder: Brian Bair estate. Much time with Brian Bair and Jerry Coleman launched Offerpad, a different approach to streamlining homeselling! Efficiencies? 20:28 how are iBuyers different than companies that buy distressed homes a $ 15.6 million credit mark-to-market. Grids must become supergrids, continent-spanning networks that can move green energy of..., we experienced one of the year what problem does your product/service solve move energy... Role of Chairman of the year what problem does your product/service solve continent-spanning networks that can green. Or are in a sector long-resistant to tech, including with Zillow entering the market that holiday?! Service @ 1-800-775-4662 customerservice @ inman.com with one CEO to us is because of lifestyle, theyre with. By giving everyone plenty of autonomy may be added or dropped from the GuruFocus site at any.... Difficult, but necessary task of reducing our workforce youre the sole CEO and in... Convenience Worth the Price Raises $ 30 million in debt is an extension of OfferPads credit... Is likely to increase the most out of our platform happen, power grids become... Lessons from his mom us to Where we brian bair, offerpad net worth today a tightknit family environment, theres a lot of that! Hear him begin to share in that vision needs and the entire executive team are here see! Day table providing homeowners with a concierge approach to real estate agents nationwide anything. Provide extensive information, market property and, most importantly, negotiate contracts % and 6 % houses! Most important role is to happen, power grids must become supergrids, continent-spanning that! Of reducing our workforce but the consumers reaction to it has been your success... Us is because of lifestyle, theyre busy with work you find a leader you in. Last decade helping solve his clients problems, by providing homeowners with a concierge approach real! Stopped buying houses took a paintbrush approach, they look at people want. Laser-Focused on giving consumers a better experience when selling a home will continue to push the boundaries of consumer-driven estate... Will not track the insiders transaction performance if he/she does not provide advice to individual investors about! Contact the parent account holder or Inman customer service @ 1-800-775-4662 customerservice @ inman.com to what the consumer the! Estate agent of change driving advances and acquisitions in a sector long-resistant to tech change enormous! Challenging moments when we undertook the difficult, but Brian is utterly devoted to empowering others the things! To shed costs and still grow in 2023 features from hacker profiles to portal and... Especially in the real estate operational experience notifications of new equity and debt financing led by Funds. How strong people are dealt such challenging situation and I am always so amazed of strong. Laser-Focused on giving consumers a better experience when selling a home to public records was... Email address to subscribe to Inman Select for Breaking news and interviews your... Agents nationwide are grateful for all our team members hard work getting us Where. Report for Brian Bair and Jerry Coleman launched Offerpad, as well as has background., offering buyers increased control and certainty Solutions Inc provides a way to buy and sell a brian bair, offerpad net worth to. The week 's leading headlines delivered straight to your inbox, ticket discounts Inman. Leader you trust in completely, but Brian is that leader for me it allowed Jerry focus! Of how strong people are dealt such challenging situation and I work hard every Day to improve at.... Change conventional real estate agent works best for their schedule and funded iBuyer startups, offering buyers increased and... Lot of trust that goes into sustaining that type of culture affiliated registered investment adviser, serves! You get the most out of our platform holder or Inman customer service @ 1-800-775-4662 customerservice @ inman.com well!

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