Tag Archives: purplebricks

Reali raises $9M in funding round

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Flat-fee brokerage Reali announced it has raised $9 million in its latest funding round, adding to the tens of millions of dollars the company has previously pulled in from investors. Continue reading →

Why eXp’s top tech exec joined flat-fee rival Redefy

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Scott Petronis, the newly appointed chief product and technology officer at discount brokerage Redefy believes the consumer is getting overshadowed in the real estate industry. Finding a company that he believes has a greater focus on the consumer is a… Continue reading →

Purplebricks is leaving Australia. Is the US next?

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Purplebricks announced Tuesday it’s shuttering its operations in Australia two-and-a-half years after launching, adding that it’s conducting a review of operations in the United States. Continue reading →

Is Purplebricks really in turmoil? A closer look

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The stock price is significantly down from the highs of last year, the U.S. and U.K. CEOs are out, and revenue guidance has been repeatedly downgraded. Find out what other challenges Purplebricks faces in the U.S. here. Continue reading →

Purplebricks agent sues over independent contractor status

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A decision on independent contractor status made by the California Supreme Court last year is hitting the real estate industry — and flat-fee brokerage Purplebricks may be the first to grapple with it. Continue reading →

Why ignorance is the biggest problem in real estate

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Regular columnist Jay Thompson takes a look at earnings news — as well as the industry’s response — and why not really understanding the interworkings of businesses is a massive hurdle in real estate. Continue reading →

Douglas Elliman profits collapse amid slower real estate market

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Profits at Douglas Elliman fell by nearly 75 percent in 2018, thanks in part to a slower residential market, according to the latest earnings report. Continue reading →

Purplebricks in turmoil: shares plummet, CEOs out

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The stock price drop Thursday came as Purplebricks announced that both Lee Wainwright and Eric Eckardt, the U.K. and U.S. CEOs, respectively, were leaving the company. In a statement, Purplebricks said that Wainwright was leaving for “personal reasons…. Continue reading →

Sold.com wants to be the Kayak of real estate deals for homesellers

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Sold.com, which officially launches today, describes itself as an “educational resource” and “recommendation engine” for homesellers. Continue reading →

The Agency CEO dismisses Purplebricks agents as ‘plumbers’

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Mauricio Umansky, the outspoken chief executive of The Agency in Beverly Hills, taunted the US CEO of Purplebricks during an Inman Connect panel Tuesday. Continue reading →